Price is down again, now $113,200 and $5,500 under the original list. Tenant is in place at $1,250 a month, every utility is on the tenant, and the property produces $10,310 in actual NOI at the new number. Three-bedroom market rent inside a 0.75-mile radius runs $1,342, so there is $92 a month waiting on renewal or turn. Cleveland's homeownership rate sits near 41 percent against 66 percent nationally, and this block is a short walk from the West Blvd-Cudell Red Line station, so west side single-family rentals stay leased.
