Rental Property Investment Analysis
Investment metrics for 701 W Lakeside Ave #1301, Cleveland, OH 44113
zillow
Condominium
📍 701 W Lakeside Ave #1301, Cleveland, OH 44113
$1,495,000
🛏 3 bed
🚿 5 bath
10
/ 100
Deal Score
F
High Risk Investment
Grade F · 10/100
Monthly Cash Flow
$-3,556
After all expenses
Cap Rate
3.37%
Below 6% threshold
Monthly Rent
$10,465/mo
Estimated
Total Expenses
$14,021/mo
All-in monthly
Cash-on-Cash
-12.41%
Low return
Annual Cash Flow
$-42,674
Per year
Break-Even Analysis
Break-Even Rent
$14,021 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸High walkability and proximity to waterfront amenities attract young professionals seeking an urban lifestyle in this revitalized district.
- ▸Access to major transit arteries and regional employment hubs enhances the property's appeal for commuting tenants and workforce renters.
- ▸The dense concentration of dining and entertainment venues supports high demand for rental housing among the city's active population.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (10/100) with a negative cash flow of $-3,556/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Condominium at 701 W Lakeside Ave #1301, Cleveland, OH 44113 is listed at $1,495,000 with 3 bed / 5 bath.
The estimated monthly rent is $10,465, generating a negative monthly cash flow of $-3,556 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 3.37% and the cash-on-cash return is -12.41%. This deal received a score of 10/100 (Grade F: High Risk Investment).
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