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620 W 103rd St, Cleveland, Ohio 44103, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 15, 2022, 02:44 am

Est. IRR


Est. Yield


Est. Property Value


Beds / Baths

4 bd / 2 ba

Year Built / Renovated

1915 / 2022



Sq. Ft.




Debt LTV


Current Rent


Lot Size

0.08 acres

Yearly Income


Asset Class (Single Family Rental)

Single-family rentals are usually detached homes with their own lot and are rented out to a single family or individual.


Single Family Rental in Cleveland, OH

This single-family rental with 4 beds and 2 baths is located close to Cleveland Botanical Garden (0.8 mi), Cleveland Museum of Natural History (0.8 mi), and Forest Hills Shopping Center (0.9 mi).

The home sits on 0.08 acres with a total interior space of 1,411 square feet. The property was originally built in 1915 and was renovated in 2021, and includes a roof-mounted solar system, granite countertops, stainless steel appliances, and an updated kitchen.

Local schools include Franklin D. Roosevelt Academy (0.9 mi) with a 2/10 rating, Daniel E. Morgan School (1.1 mi) with a 3/10 rating, and Willson Elementary School (1.2 mi) with a 2/10 rating. Nearby colleges include the Cleveland Institute of Music (0.7 mi), Case Western Reserve University (1.2 mi), and Cleveland State University (3.8 mi).

The largest employers in the area include University Hospitals (1.1 mi), Cleveland Clinic (1.5 mi), and MetroHealth (2.9 mi).

The business plan would be classified as a long-term hold strategy which in this case means maximizing profits by keeping occupancy stable and increasing rents over time.

5 Highlights about this deal:

  1. The property was acquired for $85,500 vs. a Zillow Zestimate of $93,500 (Nov 2022).

  2. The projected monthly rent is $1,350 which is above the rental rates in the neighborhood.

  3. Comparable properties in the area have been sold for $115,000 in October 2022.

  4. The average price of homes in Cleveland has increased by over 20% this past year and the average rents have increased by over 9%.

  5. The neighborhood has an overall 'B' Rating on Niche with an 'A' for nightlife and commuting.

Market Highlights

Closest School

Franklin D. Roosevelt Academy

Franklin D. Roosevelt Academy(0.9 mi)


Closest University

Cleveland Institute of Music

Cleveland Institute of Music(0.7 mi)


Closest Fortune 500 Headquarters


Cleveland-Cliffs(4.7 mi)

Industry: Metals

Closest Employer

University Hospitals

University Hospitals(1.1 mi)

Industry: Healthcare

Local Employees: 14,519

Closest Transit

Superior Ave & E 120th St

Superior Ave & E 120th St(0.2 mi)


Closest Airport

Cleveland Hopkins International Airport

Cleveland Hopkins International Airport(15.1 mi)


On the Map

620 W 103rd St, Cleveland, Ohio 44103, US

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