11 investors added to watchlist·196 days on market
16608 Eldamere Ave
Cleveland OH 44128
Home Price
Price Drop
$119,000
$114,000
$34,200 down payment (30%)
Year 1 Highlights
4.91%Cash on Cash
6.6%Cap Rate
7%YoY Appreciation
$270Cash Flow/mo.
16608 Eldamere Ave, Cleveland OH 44128
$114,000
Price Drop
Was $119,000
3 bed·1.5 bath·1,352 sqft·Built 1949
Leased · $1,105/moVerified by Doorvest
196 days on market·11 investors watching
Year 1 Highlights
4.91%Cash on Cash
6.6%Cap Rate
7%YoY Appreciation
$270Cash Flow/mo.
Why invest?
Investing in 16608 Eldamere Ave offers a promising opportunity in Cleveland's dynamic rental market. This 3-bedroom, 1.5-bathroom home, built in 1949, provides a spacious 1,352 square feet of living space. Its classic design and generous layout make it an attractive option for tenants seeking comfort and convenience.
Property Overview
This well-maintained residence features three bedrooms and one and a half bathrooms, encompassing 1,352 square feet. Constructed in 1949, it combines vintage charm with modern amenities, appealing to a wide range of potential tenants.
Economic and Employment Insights
Cleveland's economy is bolstered by major employers such as the Cleveland Clinic, University Hospitals, and KeyCorp. The region has experienced a 3.6% increase in employment among these top employers from 2024 to 2025, indicating a robust job market. The unemployment rate stands at 5.2%, reflecting a healthy employment landscape.
Local Amenities
The 44128 area offers a variety of amenities, including reputable schools, convenient public transportation options, and diverse shopping and dining establishments. These features enhance the neighborhood's appeal to families and professionals alike, contributing to a high quality of life for residents.
Currently Leased
Monthly Rent
$1,105/month
✓ Managed & verified by Doorvest
Lease Term
Mar 2026 – Mar 2027
Tenant Since
Mar 2025
Managed by Doorvest
Lease data verified by Doorvest.
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