Rental Property Investment Analysis
Investment metrics for 1232 W 73rd St, Cleveland, OH 44102
zillow
Townhouse, Condominium
📍 1232 W 73rd St, Cleveland, OH 44102
$575,000
🛏 2 bed
🚿 3 bath
📐 1,916 sqft
84
/ 100
Deal Score
A
Excellent Investment Opportunity
Grade A · 84/100
Monthly Cash Flow
+$645
After all expenses
Cap Rate
7.57%
Strong yield
Monthly Rent
$4,625/mo
Estimated
Total Expenses
$3,980/mo
All-in monthly
Cash-on-Cash
5.86%
Low return
Annual Cash Flow
$7,744
Per year
Break-Even Analysis
Break-Even Rent
$3,980 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Dense, walkable residential streets featuring historic architecture attract a demographic of young professionals and long-term urban renters.
- ▸Central positioning allows convenient access to regional employment hubs while supporting a vibrant, diverse local retail and dining environment.
- ▸Proximity to Lake Erie waterfront areas and expansive public green spaces enhances the appeal of the neighborhood for residents.
Key Takeaway
Investor Summary
Under current assumptions, this property is an excellent rental investment (84/100). The 7.57% cap rate and strong positive monthly cash flow of +$645/mo support a strong case for acquisition.
Analysis Summary
This Townhouse, Condominium at 1232 W 73rd St, Cleveland, OH 44102 is listed at $575,000 with 2 bed / 3 bath and 1,916 sq ft.
The estimated monthly rent is $4,625, generating a strong positive monthly cash flow of +$645 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 7.57% and the cash-on-cash return is 5.86%. This deal received a score of 84/100 (Grade A: Excellent Investment Opportunity).
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