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Cleveland, OH Cap Rate
The per capita income in Cleveland in 2010 was $17,537.
Cleveland has a population of 388,072.
Most home prices in Cleveland are between $50K and $100K. 60% of the population are renters.
The buildings are mostly detached SFRs from before 1939 with 2–3 bedrooms.
The average market rent in Cleveland is $824 per month.
Cap Rate
The estimated cap rate in Cleveland, Ohio is:
~20% = ($824*12)/$50K