4296 W 21st St Cleveland OH 44109

View Photos

2 investors added to watchlist·15 days on market

4296 W 21st St

Cleveland OH 44109

Home Price

$128,000

$38,400 down payment (30%)

Year 1 Highlights

-0.5%Cash on Cash info icon

4.87%Cap Rate info icon

8%YoY Appreciation info icon

$99Cash Flow/mo. info icon

4296 W 21st St, Cleveland OH 44109

$128,000

4 bed·2 bath·1,211 sqft·Built 1919

Leased · $1,060/moVerified by Doorvest

15 days on market·2 investors watching

Year 1 Highlights

-0.5%Cash on Cash info icon

4.87%Cap Rate info icon

8%YoY Appreciation info icon

$99Cash Flow/mo. info icon

Why invest?

4296 W 21st St offers investors a classic Cleveland rental opportunity in a market known for strong tenant demand and stable cash flow potential. Located in 44109, this 4-bedroom, 2-bathroom residential home — featuring a newly remodeled basement — pairs affordable entry pricing with a citywide rental market supported by steady employment and no rent control, giving landlords flexibility and long-term positioning.

Property Overview

This 1919-built residential home offers 4 bedrooms, 2 bathrooms, and 1,211 square feet of living space, plus a freshly remodeled basement with a newly added full bathroom. The recent renovation expands the home's usable living area and adds a second bath — a meaningful upgrade for a 4-bedroom rental, improving tenant appeal and reducing near-term capital needs. The layout provides practical appeal for tenants seeking extra bedroom count, while the vintage construction adds character alongside the modern updates.

Economic and Employment Insights

Cleveland's economy is anchored by major employers including the Cleveland Clinic, University Hospitals, and KeyCorp. With 1.5% job growth and 0.5% population growth, the market shows steady fundamentals that support long-term rental demand and consistent occupancy.

Local Amenities

The 44109 area offers convenient access to everyday necessities, transit options, neighborhood parks, and regional shopping and dining corridors. Its central Cleveland location makes it attractive to renters who want connectivity, affordability, and access to employment centers, schools, and city amenities.

Currently Leased

Monthly Rent

$1,060/month

✓ Managed & verified by Doorvest

Lease Term

Apr 2026 – Mar 2027

Tenant Since

Apr 2025

Managed by Doorvest

Lease data verified by Doorvest.

This content is for general informational purposes only. You should not construe any such information or other material shown on www.doorvest.com as legal, tax, investment, financial, or other advice. This content does not constitute a solicitation, recommendation, endorsement, or offer by Doorvest, Inc. to diversify investment real estate. This content does not address the circumstances of any particular individual or entity. Nothing on this site constitutes professional and/or financial advice, nor does any information on this site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with use of any information or other content on this site before making any decisions based on such information or other content. In exchange for using the site, you agree not to hold Doorvest Inc., and/or its affiliates liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through this site. All financial projections shown for Home Sales, Cash-out Refinances, Home Equity Lines of Credit (HELOC), and 1031 Exchanges are based on the following assumptions a 6% commission, 80% home equity assumption, and 2% in closing costs. All assumptions are subject to change and will vary depending on the transaction and home owner.