Rental Property Investment Analysis
Investment metrics for 13415 Shaker Blvd APT 12K3, Cleveland, OH 44120
zillow
Condo
📍 13415 Shaker Blvd APT 12K3, Cleveland, OH 44120
$229,000
🛏 3 bed
🚿 2 bath
📐 2,144 sqft
0
/ 100
Deal Score
F
High Risk Investment
Grade F · 0/100
Monthly Cash Flow
$-2,507
After all expenses
Cap Rate
-6.91%
Below 6% threshold
Monthly Rent
$1,500/mo
Estimated
Total Expenses
$4,007/mo
All-in monthly
Cash-on-Cash
-57.11%
Low return
Annual Cash Flow
$-30,079
Per year
Break-Even Analysis
Break-Even Rent
$4,007 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Historic residential architecture and mature tree-lined streets contribute to a stable neighborhood character that attracts long-term rental occupants.
- ▸Proximity to major regional transit arteries and academic medical hubs provides essential commuter convenience for a professional tenant base.
- ▸Localized shopping and recreational corridors offer daily service access that enhances the desirability of this established residential community.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (0/100) with a negative cash flow of $-2,507/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condo at 13415 Shaker Blvd APT 12K3, Cleveland, OH 44120 is listed at $229,000 with 3 bed / 2 bath and 2,144 sq ft.
The estimated monthly rent is $1,500, generating a negative monthly cash flow of $-2,507 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is -6.91% and the cash-on-cash return is -57.11%. This deal received a score of 0/100 (Grade F: High Risk Investment).
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