Rental Property Investment Analysis
Investment metrics for 3198 E 118th St, Cleveland, OH 44120
zillow
Single Family Residence
📍 3198 E 118th St, Cleveland, OH 44120
$100,000
🛏 4 bed
🚿 2 bath
📐 1,372 sqft
28
/ 100
Deal Score
F
High Risk Investment
Grade F · 28/100
Monthly Cash Flow
$-77
After all expenses
Cap Rate
5.31%
Below 6% threshold
Monthly Rent
$650/mo
Estimated
Total Expenses
$727/mo
All-in monthly
Cash-on-Cash
-3.99%
Low return
Annual Cash Flow
$-919
Per year
Break-Even Analysis
Break-Even Rent
$727 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Proximity to established rapid transit lines provides convenient access to major employment hubs for local commuters.
- ▸Neighborhoods featuring historic residential architecture and abundant green spaces attract tenants seeking long-term housing stability.
- ▸Central positioning near major transit corridors offers residents efficient access to regional shopping and lifestyle amenities.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (28/100) with a negative cash flow of $-77/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Single Family Residence at 3198 E 118th St, Cleveland, OH 44120 is listed at $100,000 with 4 bed / 2 bath and 1,372 sq ft.
The estimated monthly rent is $650, generating a negative monthly cash flow of $-77 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 5.31% and the cash-on-cash return is -3.99%. This deal received a score of 28/100 (Grade F: High Risk Investment).
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