Rental Property Investment Analysis
Investment metrics for 1104 Prospect Ave E APT 302, Cleveland, OH 44115
zillow
Condominium
📍 1104 Prospect Ave E APT 302, Cleveland, OH 44115
$250,000
🛏 2 bed
🚿 2 bath
📐 1,132 sqft
11
/ 100
Deal Score
F
High Risk Investment
Grade F · 11/100
Monthly Cash Flow
$-525
After all expenses
Cap Rate
3.71%
Below 6% threshold
Monthly Rent
$1,875/mo
Estimated
Total Expenses
$2,400/mo
All-in monthly
Cash-on-Cash
-10.95%
Low return
Annual Cash Flow
$-6,298
Per year
Break-Even Analysis
Break-Even Rent
$2,400 / mo
Minimum monthly rent needed to cover all estimated expenses
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (11/100) with a negative cash flow of $-525/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condominium at 1104 Prospect Ave E APT 302, Cleveland, OH 44115 is listed at $250,000 with 2 bed / 2 bath and 1,132 sq ft.
The estimated monthly rent is $1,875, generating a negative monthly cash flow of $-525 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 3.71% and the cash-on-cash return is -10.95%. This deal received a score of 11/100 (Grade F: High Risk Investment).
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