Rental Property Investment Analysis
Investment metrics for 11045 Lake Ave APT 18, Cleveland, OH 44102
zillow
Condo
📍 11045 Lake Ave APT 18, Cleveland, OH 44102
$145,000
🛏 2 bed
🚿 1 bath
📐 894 sqft
38
/ 100
Deal Score
F
High Risk Investment
Grade F · 38/100
Monthly Cash Flow
$-38
After all expenses
Cap Rate
5.91%
Below 6% threshold
Monthly Rent
$1,300/mo
Estimated
Total Expenses
$1,338/mo
All-in monthly
Cash-on-Cash
-1.37%
Low return
Annual Cash Flow
$-457
Per year
Break-Even Analysis
Break-Even Rent
$1,338 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High walkability near dense commercial corridors provides tenants with convenient access to essential local retail and diverse dining.
- ▸Proximity to regional transit arteries and highway access ensures efficient commuting routes for the local professional rental demographic.
- ▸The area features a distinct urban character with architectural density that appeals to residents seeking close proximity to waterfront.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (38/100) with a negative cash flow of $-38/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condo at 11045 Lake Ave APT 18, Cleveland, OH 44102 is listed at $145,000 with 2 bed / 1 bath and 894 sq ft.
The estimated monthly rent is $1,300, generating a negative monthly cash flow of $-38 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 5.91% and the cash-on-cash return is -1.37%. This deal received a score of 38/100 (Grade F: High Risk Investment).
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