Rental Property Investing in Cleveland, OH

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The numbers

Median sale price

$124,900

Median monthly rent

$1,299

Rent / price

1.04%

Estimated cap rate

8.8%

Estimated monthly cash flow

$249

Estimated cash-on-cash

10.4%

Sale prices

rising

Rents

rising

County population change (5 yrs)

-0.1%

County unemployment

4.1%

Measured in ZIP 44128 on 2026-10-19. That’s one established investor neighborhood, not the whole city. The cash flow and cash-on-cash figures run the median price and rent through the calculator’s defaults (20% down, 7% interest, 30-year loan, a flat 1.1% property tax rate, standard vacancy, repairs and management), so they describe a typical house in that zip.

What to know about Cleveland

Cleveland is the classic low-price, high-rent-to-price market, and the housing is old. A lot of what sells was built before 1950, so inspection findings on roofs, plumbing and knob-and-tube wiring are the thing to plan for.

The city has lead-safe rules for older rental housing, and Ohio property tax bills are on the high side for the Midwest. Both are easy to miss in a quick comparison. Pull the actual tax bill for any address before you trust a cash flow number.

Landlord and tenant rules in Ohio

• Overall: landlord friendly
• Security deposit limit: No statutory cap
• Rent control: no statewide rent control
• Notice for unpaid rent: 3 days

General information only, not legal advice. Landlord-tenant law changes and varies by city/county within a state. Verify current rules with a local attorney or your state's housing authority before relying on this. More on this in tenant-friendly vs landlord-friendly states.

Check a real deal in Cleveland

Market medians point you at a city. Whether one house works depends on its own price, rent and repair needs, so paste them into the calculator, or read how cash-on-cash return and a good cap rate are worked out. If you’re buying from far away, the out-of-state guide covers property managers and remote closings.

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