Rental Property Investment Analysis
Investment metrics for 2222 Detroit Ave APT 403, Cleveland, OH 44113
zillow
Condominium
📍 2222 Detroit Ave APT 403, Cleveland, OH 44113
$224,900
🛏 2 bed
🚿 2 bath
📐 1,138 sqft
13
/ 100
Deal Score
F
High Risk Investment
Grade F · 13/100
Monthly Cash Flow
$-481
After all expenses
Cap Rate
3.66%
Below 6% threshold
Monthly Rent
$1,619/mo
Estimated
Total Expenses
$2,100/mo
All-in monthly
Cash-on-Cash
-11.15%
Low return
Annual Cash Flow
$-5,767
Per year
Break-Even Analysis
Break-Even Rent
$2,100 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High walkability and proximity to waterfront amenities attract urban professionals seeking convenience and a vibrant, dense residential environment.
- ▸The area features a mix of historic architecture and modern infill developments that cater to a diverse demographic.
- ▸Efficient access to major interstate arteries ensures reliable commuting options for residents working throughout the greater metropolitan region.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (13/100) with a negative cash flow of $-481/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condominium at 2222 Detroit Ave APT 403, Cleveland, OH 44113 is listed at $224,900 with 2 bed / 2 bath and 1,138 sq ft.
The estimated monthly rent is $1,619, generating a negative monthly cash flow of $-481 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 3.66% and the cash-on-cash return is -11.15%. This deal received a score of 13/100 (Grade F: High Risk Investment).
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