4657 East 85th Street Garfield Heights OH 44125

8 investors added to watchlist

4657 East 85th Street

Garfield Heights OH 44125

Year 1 Investor Highlights

Cash on Cash

10.96%

Cap Rate

8.54%

YoY Appreciation

Cash Flow/mo.

$289

4657 East 85th Street, Garfield Heights OH 44125

$99,000

2 Bedrooms

1.0 Bathrooms

768 Sqft

Built in 1931

8 investors watching

Why invest?

This 2-bedroom, 1-bathroom home at 4657 East 85th Street offers a solid investment opportunity in Garfield Heights, a community known for its affordability and steady rental demand. Built in 1931, this property provides a stable foundation for long-term rental income.

Property Overview

The residence features two bedrooms, one bathroom, and 768 square feet of living space. Its classic 1931 architecture offers potential for modernization, appealing to tenants seeking character and charm in a well-established neighborhood.

Economic and Employment Insights

Garfield Heights boasts a median home value of $129,660, reflecting a 2.1% increase over the past year. The local economy is bolstered by a mix of small businesses and proximity to Cleveland's employment centers, contributing to a stable job market and consistent rental demand.

Local Amenities

Residents enjoy access to Elmwood Elementary School and William Foster Elementary School, enhancing the area's appeal to families. The neighborhood offers convenient transportation options, shopping centers, dining establishments, and parks, providing a well-rounded lifestyle for tenants.

Currently Leased

Managed by Doorvest

Monthly Rent

$955/month

✓ Actual rent from active lease

Move In Date

Mar 2023

Current Lease

Mar 2023 - May 2026

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