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 consistent rental demand from students and healthcare professionals throughout the year.
- ▸Walkable streetscapes near major urban hubs provide residents with easy access to essential services and localized retail conveniences.
- ▸Integrated public transit connectivity offers seamless commuting options for tenants working in the surrounding metropolitan employment centers.
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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