Rental Property Investment Analysis
Investment metrics for 1374 E 115th St, Cleveland, OH 44106
zillow
Triplex, Multi Family
📍 1374 E 115th St, Cleveland, OH 44106
$230,000
🛏 7 bed
🚿 3 bath
📐 4,073 sqft
60
/ 100
Deal Score
C
Acceptable Investment
Grade C · 60/100
Monthly Cash Flow
+$124
After all expenses
Cap Rate
6.87%
Strong yield
Monthly Rent
$1,950/mo
Estimated
Total Expenses
$1,827/mo
All-in monthly
Cash-on-Cash
2.80%
Low return
Annual Cash Flow
$1,482
Per year
Break-Even Analysis
Break-Even Rent
$1,827 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High density of academic and medical institutions creates a reliable pipeline of professional tenants requiring close proximity to employment.
- ▸Walkable streetscapes near diverse retail hubs provide essential lifestyle convenience that maintains strong appeal for a young renter demographic.
- ▸Well-connected public transit corridors offer significant commuter advantages for residents needing efficient access to the broader regional economic center.
Key Takeaway
Investor Summary
Under current assumptions, this property is an acceptable but modest investment (60/100). The modest positive monthly cash flow of +$124/mo is thin — weigh local market conditions carefully before committing.
Analysis Summary
This Triplex, Multi Family at 1374 E 115th St, Cleveland, OH 44106 is listed at $230,000 with 7 bed / 3 bath and 4,073 sq ft.
The estimated monthly rent is $1,950, generating a modest positive monthly cash flow of +$124 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 6.87% and the cash-on-cash return is 2.80%. This deal received a score of 60/100 (Grade C: Acceptable Investment).
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