Rental Property Investment Analysis
Investment metrics for 2808 Van Aken Blvd APT 1, Cleveland, OH 44120
zillow
Condo
📍 2808 Van Aken Blvd APT 1, Cleveland, OH 44120
$245,000
🛏 3 bed
🚿 2 bath
📐 1,598 sqft
0
/ 100
Deal Score
F
High Risk Investment
Grade F · 0/100
Monthly Cash Flow
$-884
After all expenses
Cap Rate
1.90%
Below 6% threshold
Monthly Rent
$1,572/mo
Estimated
Total Expenses
$2,456/mo
All-in monthly
Cash-on-Cash
-18.82%
Low return
Annual Cash Flow
$-10,605
Per year
Break-Even Analysis
Break-Even Rent
$2,456 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Proximity to regional medical hubs and universities attracts a stable base of healthcare workers and academic professionals.
- ▸Well-connected transit corridors provide residents with efficient commuting options to the nearby downtown employment and entertainment districts.
- ▸Established residential streets featuring diverse architectural styles contribute to a neighborhood character that appeals to long-term renters.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (0/100) with a negative cash flow of $-884/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condo at 2808 Van Aken Blvd APT 1, Cleveland, OH 44120 is listed at $245,000 with 3 bed / 2 bath and 1,598 sq ft.
The estimated monthly rent is $1,572, generating a negative monthly cash flow of $-884 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 1.90% and the cash-on-cash return is -18.82%. This deal received a score of 0/100 (Grade F: High Risk Investment).
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