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
- ▸Proximity to established rapid transit lines provides reliable commuting options for professionals working within the central business district.
- ▸The area features mature residential streetscapes and historic architecture that contribute to long-term neighborhood character and housing stability.
- ▸Access to well-maintained community green spaces and localized commercial corridors enhances the overall appeal for long-term residential renters.
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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