Rental Property Investment Analysis
Investment metrics for 2983 E 59th St, Cleveland, OH 44127
zillow
Duplex, Multi Family
📍 2983 E 59th St, Cleveland, OH 44127
$135,000
🛏 6 bed
🚿 3 bath
📐 2,882 sqft
70
/ 100
Deal Score
B
Strong Investment
Grade B · 70/100
Monthly Cash Flow
+$148
After all expenses
Cap Rate
7.54%
Strong yield
Monthly Rent
$1,050/mo
Estimated
Total Expenses
$902/mo
All-in monthly
Cash-on-Cash
5.73%
Low return
Annual Cash Flow
$1,779
Per year
Break-Even Analysis
Break-Even Rent
$902 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Proximity to major industrial corridors and highway interchanges provides essential commuter connectivity for a workforce-heavy tenant demographic.
- ▸The area features a dense urban residential character supported by established neighborhood infrastructure and proximity to essential local services.
- ▸Expanding access to regional green spaces and recreational trails enhances the livability profile for long-term rental market stability.
Key Takeaway
Investor Summary
Under current assumptions, this property is a solid rental investment (70/100). The 7.54% cap rate and modest positive monthly cash flow of +$148/mo indicate a reasonable return relative to risk.
Analysis Summary
This Duplex, Multi Family at 2983 E 59th St, Cleveland, OH 44127 is listed at $135,000 with 6 bed / 3 bath and 2,882 sq ft.
The estimated monthly rent is $1,050, generating a modest positive monthly cash flow of +$148 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 7.54% and the cash-on-cash return is 5.73%. This deal received a score of 70/100 (Grade B: Strong Investment).
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