home in Cleveland, OH
This multifamily home in Cleveland, OH offers 6 bedrooms and 2 bathrooms across 2,250 square feet.
| Price | $154,900 |
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| Beds | 6 |
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| Baths | 2 |
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| Sqft | 2250 |
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| Address | 11701 Gay Avenue, Cleveland, OH 44105 |
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Why buy this home
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced a little under the area.
- New to market (4 days), so expect competition.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,111/month with 20% down at a 7.28% 30-year fixed rate. You would need about $47,623 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $848/mo |
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| Property tax (new-buyer reassessed rate) | $205/mo |
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| Homeowners insurance | $58/mo |
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| Total monthly | $1,111/mo |
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| Down payment (20%) | $30,980 |
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| Income needed | $47,623/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (57 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (57/100) |
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| Beats renting in | 12% of modeled paths |
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| Modeled 5-yr equity (median) | $65,351 |
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| Range (10th to 90th pct) | $37,226 to $99,187 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Cleveland, OH where local data is thin.
Local home values
Typical home values in Cleveland, OH have risen about 32% over the past 5 years (+4% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately