Cleveland, OH Cash on Cash Return Calculator
Calculate the cash-on-cash return for any rental property in Cleveland. Based on current Cleveland market data.
Cleveland Market Snapshot
$115,000
$1,050/mo
9.8%
2.2%
$7,988
1.22
Based on median price, 25% down, 6.5% rate, 30-year term.
Run Your Cleveland Numbers
Plug in any Cleveland property to get Cash on Cash, NOI, cash flow, and more.
How Cash on Cash Works in Cleveland
The Cleveland rental market has a median home price of $115,000 and median rent of $1,050/month, which puts the average cash-on-cash return at roughly 9.8% for a typical single-family rental. That means for every dollar of property value, you can expect about 9.8 cents in annual net income before debt service.
With a 25% down payment ($28,750) and a 6.5% mortgage rate, a median Cleveland rental generates roughly $7,988/yr in NOI against $6,540/yr in debt service, giving you a DSCR of 1.22. That's above breakeven but tight — you may want to increase your down payment or find a deal below median price.