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14613 Westropp Ave, Cleveland Investment Report: Flip & Rental Analysis · Frontflip
35
Value up to $153K, Yield at 26%
Updated 10 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property at 14613 Westropp Ave shows strong rental promise for investors. Market data indicates a competitive monthly income potential ranging from $1,392 to $1,693, positioning it well against similar homes in the Cleveland area. With an impressive estimated yield of 26.48%, this asset offers a compelling opportunity for steady cash flow. The rental rates align closely with regional trends, making this an attractive option for building a sustainable portfolio.
More about this home
Neighborhood Assessment
The North Collinwood neighborhood in Cleveland's 44110 zip offers solid investor upside. You've got a mix of single-family and multi-family comps nearby selling from $56K to $149K, with this 3-bed, 2-bath, 1,563 sqft home listed at $70K—priced competitively at $45/sqft. Schools like Memorial (5/10) are walkable at 0.2 miles, but walkability's average without major retail nearby. No big developments popping up, yet the area's classic charm and detached 3-car garage stand out. Recent price drops from $89K signal motivated sellers. It's got that old-school 1900s vibe with unfinished basement potential, but neighborhood stability is key here—multi-families renting strong nearby suggest hold or flip opportunity if you modernize.
Market Activity
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Rental Income
$19K
Yield
26.5%
Year 1 Estimates
Fix-and-Flip
Modernizing this home creates a clear advantage, boosting value from roughly $67 to over $87 per square foot. This 30% jump significantly enhances market appeal, allowing the property to stand out with a fresh, contemporary finish. Investing in these improvements lifts potential sale pricing and supports solid rental income. This strategy is a reliable way to add lasting value, turning a classic 1900 home into a modern, highly desirable neighborhood gem.
Value Add
$32K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $134,000 and $148,000. Successful upgrades boost value significantly, capitalizing on the $20.51 price-per-square-foot increase observed compared to the baseline market. Investors can expect a steady monthly rental income of $1,373, delivering a solid 11.7% yield. These figures reflect a practical entry point for creating long-term cash flow while securing reliable equity growth through targeted, effective property improvements.
Rental Income
$16K
Yield
11.7%
Year 1 Estimates, Post Typical Renovation
Estimated value
$70K
$55.5K below comp median
Comparative Market Analysis
$109K – $210K
~137 days to sell
Based on 8 comps