Rental Property Underwriting in Cleveland, OH
Highest gross yields in the US; capital preservation is the risk.
Typical SFR price
$110,000 – $180,000
3-bed rent (monthly)
$1,100 – $1,500
Effective property-tax rate
2.00% – 2.80%
Insurance (annual, ~$300k SFR)
$900 – $1,400
Gross rent-to-price (monthly)
0.85% – 1.10%
Landlord-tenant climate
balanced
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Cleveland different
- 1%-rule deals are routine, but appreciation historically <2%/year.
- Point-of-sale inspections in many suburbs require repairs before transfer.
- Lead paint disclosure and remediation is a real budget line for pre-1978 stock.
Quick worked example
Mid-range Cleveland deal: $145,000 purchase, $1,300/mo rent → gross yield 10.76%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.