837 Overlook Ridge C Drive Cleveland, OH. 44109 OH 44109

837 Overlook Ridge C Drive

Cleveland, OH. 44109 OH 44109

Home Price

$182,000

$54,600 down payment (30%)

Year 1 Highlights

-0.76%Cash on Cash info icon

4.79%Cap Rate info icon

4%YoY Appreciation info icon

$-37Cash Flow/mo. info icon

837 Overlook Ridge C Drive, Cleveland, OH. 44109 OH 44109

$182,000

2 bed·2.5 bath·1,066 sqft·Built 1996

Leased · $1,315/moVerified by Doorvest

Year 1 Highlights

-0.76%Cash on Cash info icon

4.79%Cap Rate info icon

4%YoY Appreciation info icon

$-37Cash Flow/mo. info icon

Why invest?

Investing in this 2-bedroom, 2.5-bathroom townhouse at 837 Overlook Ridge Drive, Unit C offers a strategic opportunity in Cleveland's 44109 zip code. The area boasts a median listing price of $150,000, with homes typically selling after 34 days on the market. The local rental market is robust, with a median monthly rent of $1,152, reflecting a 5.8% year-over-year increase.

Property Overview

This 1,066-square-foot townhouse at 837 Overlook Ridge Drive, Unit C was built in 1996 and recently renovated. It offers two bedrooms, two full baths, and a powder room across three finished levels. The main floor features wood-look LVP flooring, crown molding, and an updated kitchen with white shaker cabinets, stainless steel appliances, and a pass-through breakfast bar opening to the living area. A sliding glass door off the living room brings in natural light and provides outdoor access.

Economic and Employment Insights

Cleveland's economy is anchored by major employers such as the Cleveland Clinic, University Hospitals, and Progressive Insurance. The city's diversified economy, encompassing healthcare, finance, manufacturing, and technology, contributes to its economic stability and growth.

Local Amenities

The 44109 neighborhood offers a variety of amenities, including parks, shopping centers, and dining options. Public transportation is accessible, and the area is known for its community-oriented atmosphere, making it attractive to a diverse tenant base.

Currently Leased

Monthly Rent

$1,315/month

✓ Verified by Doorvest

Lease Term

Nov 2024 – Nov 2026

Managed by Doorvest

Lease data verified by Doorvest.

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