9 Cashflowing Cleveland Properties <$100K Hitting the Market This Week
Turnkey With a Margin of Safety
Cleveland has some affordable properties with very low price/rent ratios. These turnkey properties can produce cashflow with a sizable margin of safety. Some even come with tenants.
1) 7004 Guthrie Ave
Listed: $65,000
Rent Zestimate: $975
Zillow’s estimated monthly cost: $362
Ballpark monthly cashflow: $613
2) 3341 E 145th St
Listed: $55,000
Rent Zestimate: $1,099
Zillow’s estimated monthly cost: $307
Ballpark monthly cashflow: $792
3) 2789 E 117th St
Listed: $59,999
Rent Zestimate: $1,667
Zillow’s estimated monthly cost: $334
Ballpark monthly cashflow: $1,333
4) 16400 Eldamere Ave
Listed: $85,000
Rent Zestimate: $1,217
Zillow’s estimated monthly cost: $474
Ballpark monthly cashflow: $743
5) 3878 E 147th St
Listed: $80,000
Rent Zestimate: $1,200
Zillow’s estimated monthly cost: $446
Ballpark monthly cashflow: $754
6) 12014 Benham Ave
Listed: $59,900
Rent Zestimate: $1,050
Zillow’s estimated monthly cost: $334
Ballpark monthly cashflow: $716
7) 12218 Brooklawn Ave
Listed: $85,000
Rent Zestimate: $1,200
Zillow’s estimated monthly cost: $474
Ballpark monthly cashflow: $726
8) 2910 Erin Ave
Listed: $79,900
Rent Zestimate: $1,084
Zillow’s estimated monthly cost: $445
Ballpark monthly cashflow: $639
9) 14400 Ledgewood Ave
Listed: $85,000
Rent Zestimate: $1,096
Zillow’s estimated monthly cost: $474
Ballpark monthly cashflow: $622
Hope you enjoyed the list! The quoted monthly costs are using Zillow’s default parameters. Of course these numbers are not perfectly reflective of reality, but they might justify doing further due diligence if a property fits into your investment model.
I can help you analyze more properties with automation. For inquiries about my services, or to let me know what other real estate markets you’d like to see analyzed please email me at ben.propertyfunnel@gmail.com.
- Ben