16608 Eldamere Ave Cleveland OH 44128

6 investors added to watchlist

16608 Eldamere Ave

Cleveland OH 44128

Year 1 Investor Highlights

Cash on Cash

8.75%

Cap Rate

7.83%

YoY Appreciation

Cash Flow/mo.

$278

16608 Eldamere Ave, Cleveland OH 44128

$119,000

3 Bedrooms

1.5 Bathrooms

1,352 Sqft

Built in 1949

6 investors watching

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

Managed by Doorvest

Monthly Rent

$1,050/month

✓ Actual rent from active lease

Move In Date

Mar 2025

Current Lease

Mar 2026 - Mar 2027

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