Before you read the numbers: these estimates assume every home is rent-ready. ApriFind doesn't have condition data yet, so repairs needed to reach these rents are not included, and the cheapest homes are the most likely to need them. Property tax uses Cleveland's published residential rate (2.29% of market value) from the Cuyahoga County Fiscal Officer. See What these numbers assume.
Cleveland is one of the few large US cities where rental math still works at today's interest rates. In our ranking of the 50 largest US metros, it had the highest share of listings with positive cash flow. We ran every active for-sale listing in the city through ApriFind on October 9, 2026 and analyzed 1,430 properties, each with a rent estimate built from nearby comparable rentals.
Key takeaways
- 58% of listings show positive cash flow with 20% down at a 7% mortgage rate. The median listing clears $107 per month, with a 7.3% median cap rate.
- The east side leads. In 44108, 44105, 44110, 44128, and 44104, 84–92% of listings cash-flow on paper, at median prices of $109,900–$122,000.
- Small multi-family is the standout property type: 80% of 2–4 unit buildings cash-flow under our standard assumptions, with a 9.3% median cap rate. They're also the most sensitive to costs those assumptions may understate: with heavier costs, fewer than half do.
- Price is the dividing line. 98% of listings under $100,000 cash-flow on paper, against 20% at $200,000–$300,000. Those cheapest homes are also the most likely to need significant repairs.
- Cash flow comes with location risk. 97% of cash-flowing listings are in neighborhoods with an Apri Score of 6–10 (10 = weakest). In 1–3 areas, only 9% of listings cash-flow.
Returns by ZIP code
ZIP codes with at least 40 analyzed listings, ranked by the share with positive cash flow.
| ZIP | Listings | Median price | Median est. rent | Median cap rate | Median monthly cash flow | Listings that cash-flow |
|---|---|---|---|---|---|---|
| 44108 | 97 | $110,000 | $1,584 | 10.8% | $381 | 92% |
| 44105 | 159 | $109,900 | $1,425 | 10.5% | $342 | 91% |
| 44110 | 91 | $119,900 | $1,495 | 10.1% | $338 | 90% |
| 44128 | 66 | $122,000 | $1,550 | 8.7% | $234 | 86% |
| 44104 | 61 | $115,000 | $1,550 | 10.2% | $378 | 84% |
| 44120 | 107 | $135,000 | $1,818 | 8.7% | $280 | 76% |
| 44103 | 51 | $134,900 | $1,900 | 10.4% | $366 | 75% |
| 44109 | 154 | $179,000 | $1,650 | 6.6% | $27 | 52% |
| 44102 | 211 | $175,000 | $1,852 | 5.9% | −$71 | 44% |
| 44111 | 88 | $188,000 | $1,618 | 5.4% | −$141 | 32% |
| 44135 | 51 | $175,000 | $1,525 | 4.8% | −$271 | 24% |
| 44106 | 47 | $375,000 | $1,600 | 2.1% | −$1,230 | 11% |
| 44113 | 119 | $379,000 | $2,198 | 2.1% | −$1,209 | 5% |
The pattern is simple: rents vary far less than prices. A home in 44113 (near downtown) costs more than three times one in 44105 but rents for only about half again as much.
Returns by property type and price
| Property type | Listings | Median price | Median est. rent | Median cap rate | Listings that cash-flow |
|---|---|---|---|---|---|
| Single family | 847 | $134,900 | $1,475 | 7.0% | 56% |
| Multi-family (whole building) | 446 | $159,900 | $2,092 | 9.3% | 80% |
| Condo | 88 | $226,750 | $1,618 | 0.3% | 1% |
| Townhouse | 49 | $499,900 | $3,105 | 1.9% | 0% |
| Price range | Listings | Median est. rent | Median cap rate | Listings that cash-flow |
|---|---|---|---|---|
| Under $100,000 | 274 | $1,375 | 12.8% | 98% |
| $100,000–$200,000 | 746 | $1,575 | 7.7% | 70% |
| $200,000–$300,000 | 183 | $1,874 | 3.9% | 20% |
| $300,000 and up | 227 | $2,602 | 1.7% | 3% |
Why multi-family looks so strong, and how to sense-check it. A typical Cleveland multi-family listing is a two-unit house built around 1916, with four bedrooms, listed at about $140,000. Its estimated rent, about $1,950 a month for the building, is in line with the $1,000 median asking rent for a two-bedroom apartment in Cleveland, so the rent side holds up. The cost side is less certain. Our standard assumptions don't include owner-paid utilities, and in two-family homes the owner often pays water and sewer. Century-old buildings also tend to cost more to insure and maintain. With $150 a month of owner-paid utilities, insurance at 1% of the price instead of 0.5%, 10% vacancy, and 15% maintenance, the share of multi-family listings that cash-flow falls from 80% to 43%.
Returns by Apri Score (neighborhood rating)
The Apri Score is ApriFind's proprietary 1-to-10 neighborhood rating, built from census-level socioeconomic data including income, education, employment, and housing quality. It compares each neighborhood with others in the same state: 1 is among the strongest, 10 among the weakest. ApriFind shows it on every listing and as a map layer. It's built to show, before you make an offer, whether a high return comes with a weaker location. See the Apri Score for every listing in any city.
| Apri Score | Share of listings | Median price | Median est. rent | Median cap rate | Median monthly cash flow | Listings that cash-flow |
|---|---|---|---|---|---|---|
| 1–3 (strongest) | 9% | $337,500 | $1,911 | 2.1% | −$1,272 | 9% |
| 4–7 | 18% | $229,500 | $1,625 | 3.8% | −$529 | 20% |
| 8–10 (weakest) | 73% | $139,000 | $1,550 | 8.1% | $186 | 68% |
Based on the 1,129 listings with an Apri Score.
Nearly all of Cleveland's cash flow is in its weakest neighborhoods. Nearly three-quarters of listings are in Apri Score 8–10 areas, and 68% of those cash-flow on paper, against 9% in 1–3 areas. Of all the listings that cash-flow, just 3% are in areas scoring 1–5.
That's the trade-off a high cap rate can hide. Weaker areas can mean more tenant turnover, longer vacancies, more collection problems, older housing, and slower appreciation, while these figures assume the same 5% vacancy everywhere. If you want cash flow without buying in the weakest areas, the middle band is where to look: 39 listings in Apri Score 4–7 areas showed positive cash flow.
Cleveland asking rents by bedrooms
Median asking rent for single-family and townhouse rentals on the market:
| Bedrooms | Median asking rent | Rentals |
|---|---|---|
| 1 | $925 | 50 |
| 2 | $1,100 | 152 |
| 3 | $1,400 | 333 |
| 4 | $1,500 | 168 |
| 5+ | $1,700 | 37 |
What these numbers assume
1. Every home is rent-ready. Rent estimates come from comparable rentals currently on the market, which are homes in rentable condition. ApriFind doesn't have condition data yet. A $90,000 house that needs a roof, a furnace, and new flooring won't earn $1,400 a month until that work is done, and the cost of that work is not included in these returns. This matters most for the cheapest listings: the 98% cash-flow rate under $100,000 describes those homes after they're rent-ready. Budget for an inspection and repairs before relying on any of these numbers.
2. Property tax uses Cleveland's published rate. We use 2.29% of market value, the Cuyahoga County Fiscal Officer's published rate for residential property in the City of Cleveland for tax year 2024, payable in 2025 (source). It doesn't include Ohio's 2.5% owner-occupancy credit, which rentals don't get. Cuyahoga County has some of the highest property taxes in Ohio, and rates vary within the city, so check the parcel's actual bill. If taxes were half a point higher, 54% of listings would still cash-flow; a full point higher, 50%.
3. Rent estimates are estimates. Rent estimates are based on asking rents from comparable rental listings nearby, which can run above what tenants ultimately sign for. Check them against local leasing evidence before relying on them.
4. Financing and expenses. 20% down, 7.0% 30-year fixed mortgage, 5% vacancy, 10% property management, 10% maintenance reserve, insurance, and HOA dues where listed.
5. Some listings are excluded. We left out 77 listings priced far below comparable homes nearby, or whose estimated rent was far above what similar listings nearby earn (often shells, auction starting bids, or restricted units), along with vacant land. This "Verify condition" flag is a rough filter: it can't detect a property's actual condition, so homes needing major work remain in these figures.
Methodology
All active for-sale listings with a Cleveland, OH address on October 9, 2026 (data from RentCast), analyzed with ApriFind. Each property's rent comes from ApriFind's proprietary rent model, which considers comparable rentals nearby and how closely they match on factors including location, property type, size, bedrooms, bathrooms, and age. Multi-family rent is the estimated rent for the whole building. Cap rate is net operating income divided by price; cash flow is rent minus all costs including the mortgage.
Listings change daily. Search Cleveland on ApriFind to see today's listings with your own down payment, rate, tax rate, and expense assumptions.
FAQ
Is Cleveland a good place to buy a rental property in 2026? On paper, Cleveland is the strongest cash-flow market among the main cities of the 50 largest US metros: 58% of active listings showed positive cash flow at 20% down and 7% interest in our October 2026 analysis, using Cleveland's published property tax rate. Those numbers assume rent-ready homes, and many of the cheapest listings need repairs, so inspection and renovation costs decide whether a specific property works.
What is the property tax rate on a Cleveland rental property? The Cuyahoga County Fiscal Officer publishes Cleveland's residential rate as 2.29% of market value for tax year 2024 (payable 2025). Rentals don't get Ohio's 2.5% owner-occupancy credit, so a rental pays this rate while an owner-occupant pays slightly less.
What is the average cap rate in Cleveland? The median cap rate across 1,430 active listings was 7.3%, ranging from about 10–11% in east-side ZIP codes like 44108 and 44105 to about 2% downtown (44113) and in University Circle (44106).
Are Cleveland's cash-flowing rentals in weaker neighborhoods? Mostly, yes. In our October 2026 data, 97% of listings with positive cash flow were in areas with an Apri Score of 6–10, ApriFind's 1-to-10 neighborhood rating where 10 is weakest. In Apri Score 1–3 areas, 9% of listings cash-flowed, at a median cap rate of 2.1%.
Which Cleveland ZIP codes have the best rental returns? 44108, 44105, and 44110 had the highest share of listings with positive cash flow (90–92%), with median prices between $109,900 and $119,900.
ApriFind provides informational tools only and does not provide investment, financial, legal, or tax advice. Figures are estimates from listing data on one date; actual results vary.