Rental Property Investment Analysis
Investment metrics for 1303 Castle Ave, Cleveland, OH 44113
zillow
Duplex, Multi Family
📍 1303 Castle Ave, Cleveland, OH 44113
$355,000
🛏 6 bed
🚿 2 bath
📐 3,252 sqft
10
/ 100
Deal Score
F
High Risk Investment
Grade F · 10/100
Monthly Cash Flow
$-527
After all expenses
Cap Rate
4.44%
Below 6% threshold
Monthly Rent
$2,307/mo
Estimated
Total Expenses
$2,834/mo
All-in monthly
Cash-on-Cash
-7.75%
Low return
Annual Cash Flow
$-6,327
Per year
Break-Even Analysis
Break-Even Rent
$2,834 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High walkability and proximity to active urban corridors appeal to young professionals seeking a vibrant city lifestyle.
- ▸Access to waterfront green spaces and recreation areas provides desirable lifestyle benefits that consistently attract long-term residential tenants.
- ▸Efficient connectivity to regional transit infrastructure and downtown employment hubs enhances the appeal for commuters renting in city.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (10/100) with a negative cash flow of $-527/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Duplex, Multi Family at 1303 Castle Ave, Cleveland, OH 44113 is listed at $355,000 with 6 bed / 2 bath and 3,252 sq ft.
The estimated monthly rent is $2,307, generating a negative monthly cash flow of $-527 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 4.44% and the cash-on-cash return is -7.75%. This deal received a score of 10/100 (Grade F: High Risk Investment).
More analyzed properties in Cleveland
Run a BRRRR Analysis
BRRRR Deal Calculator
Pre-filled using this property's analysis. Adjust rehab and financing assumptions to estimate BRRRR returns.
Property Data
Rehab & Refinance Inputs
$
$
$
%
$
$
%
%
Share This Deal
Analyze Another Property
Paste any Zillow, Redfin, or Realtor listing to instantly see:
• Deal Score • Cash Flow • Cap Rate • Investment Risk