Rental Property Investment Analysis
Investment metrics for 1237 Washington Ave APT 1002, Cleveland, OH 44113
zillow
Condo
📍 1237 Washington Ave APT 1002, Cleveland, OH 44113
$260,600
🛏 2 bed
🚿 2 bath
📐 1,168 sqft
9
/ 100
Deal Score
F
High Risk Investment
Grade F · 9/100
Monthly Cash Flow
$-630
After all expenses
Cap Rate
3.32%
Below 6% threshold
Monthly Rent
$1,690/mo
Estimated
Total Expenses
$2,320/mo
All-in monthly
Cash-on-Cash
-12.62%
Low return
Annual Cash Flow
$-7,564
Per year
Break-Even Analysis
Break-Even Rent
$2,320 / 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 (9/100) with a negative cash flow of $-630/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condo at 1237 Washington Ave APT 1002, Cleveland, OH 44113 is listed at $260,600 with 2 bed / 2 bath and 1,168 sq ft.
The estimated monthly rent is $1,690, generating a negative monthly cash flow of $-630 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 3.32% and the cash-on-cash return is -12.62%. This deal received a score of 9/100 (Grade F: High Risk Investment).
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