Rental Property Investment Analysis
Investment metrics for 635 W Lakeside Ave APT 406, Cleveland, OH 44113
zillow
Condominium
📍 635 W Lakeside Ave APT 406, Cleveland, OH 44113
$439,900
🛏 2 bed
🚿 2 bath
📐 1,600 sqft
0
/ 100
Deal Score
F
High Risk Investment
Grade F · 0/100
Monthly Cash Flow
$-1,390
After all expenses
Cap Rate
2.44%
Below 6% threshold
Monthly Rent
$2,850/mo
Estimated
Total Expenses
$4,240/mo
All-in monthly
Cash-on-Cash
-16.48%
Low return
Annual Cash Flow
$-16,677
Per year
Break-Even Analysis
Break-Even Rent
$4,240 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High walkability and proximity to urban entertainment districts create strong rental demand among young professionals and transient workers.
- ▸Access to waterfront green spaces and scenic trails enhances residential appeal while supporting consistent long-term property value growth.
- ▸Efficient transit infrastructure and central highway connectivity ensure steady commuter interest for renters seeking reliable access to employment.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (0/100) with a negative cash flow of $-1,390/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condominium at 635 W Lakeside Ave APT 406, Cleveland, OH 44113 is listed at $439,900 with 2 bed / 2 bath and 1,600 sq ft.
The estimated monthly rent is $2,850, generating a negative monthly cash flow of $-1,390 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 2.44% and the cash-on-cash return is -16.48%. This deal received a score of 0/100 (Grade F: High Risk Investment).
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