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Cleveland, OH, Investor Yield Index

Yes, a median Cleveland rental cash-flows and clears a DSCR loan today. It scores 100/100 (grade A) and ranks #1 of 18 tracked metros. At the Greater Cleveland median of $146,863 renting near $1,461/mo, the estimated DSCR is 1.22 and cash-on-cash is 4.63% at a 6.80% loan rate, which clears the 1.2 lender minimum.

Prices and rents are live Zillow medians. The 6.80% 30-year rate is a current market estimate. Neither is a lender quote, so run your real numbers below.

30-yr mortgage
6.80%
DSCR loan
7.75%
Hard money
11.50%
Data source
Live Jun 19, 2026
A

Index 100/100 · rank #1

Cap rate

7.16%

Gross yield

11.94%

Median price

$146,863

DSCR

1.22

Cash-on-cash

4.63%

Monthly rent

$1,461

GRM

8.38
Clears the DSCR line. At 6.80% financing and 25% down the estimated 1.22 DSCR beats the 1.2 lender minimum, so rent covers the debt with room to spare. Cash-on-cash runs 4.63% on the cash you put in. Only 4 of the 18 tracked metros clear this line, and Cleveland is one of them.

Run the numbers on a Cleveland deal

Pre-filled with Cleveland medians. Adjust price, rent, and rate to your actual deal.

7.16%
Cap rate · DSCR 1.22 · cash-on-cash 4.63%
Gross yield
11.94%
Cap rate
7.16%
NOI / yr
$10,519
Loan amount
$110,147
Monthly P&I
$718
DSCR
1.22
Annual cash flow
$1,902
Cash-on-cash
4.63%
GRM
8.38
Rent / price
0.99%

Assumptions: 25% down + 3% closing costs, 40% opex/vacancy load 30-year amortization. Lenders typically require DSCR ≥ 1.2. Estimates, not a quote.

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Common questions about Cleveland

Is Cleveland, OH a good market for rental investors in 2026?

On the Investor Yield Index it scores 100/100 (grade A), ranking #1 of 18 tracked metros. The median price is $146,863 with rent around $1,461/mo, producing an estimated 7.16% cap rate and 1.22 DSCR at a 6.80% financing rate. At today's rates only 4 of the 18 tracked metros clear the 1.2 DSCR line on default terms, so the score is best read as where Cleveland stands relative to other markets.

What is the cap rate in Cleveland?

The model estimates a 7.16% cap rate at the median price-to-rent ratio, assuming a 40% operating-expense load. Your actual cap rate depends on the specific property and expenses.

Will a rental in Cleveland qualify for a DSCR loan?

Yes, the estimated DSCR of 1.22 clears the typical 1.2 lender minimum at prevailing rates.

Markets ranked near Cleveland

The closest metros above and below Cleveland on the index, plus the top markets for comparison.

Memphis, TN

100 · #2 · grade A

Birmingham, AL

100 · #3 · grade A

Chicago, IL

100 · #4 · grade A

Tampa, FL

89 · #5 · grade A

See all 18 markets →

Index assumptions, 25% down, a 40% operating-expense load, 30-year amortization, and a 6.80% loan rate. DSCR is net operating income divided by annual debt service, lenders typically want at least 1.2. Cap rate, gross yield, DSCR, and cash-on-cash are weighted 30, 20, 30, and 20 percent. Prices and rents are live Zillow medians for the 18 tracked metros, the 6.80% 30-year rate is a current market estimate, and the numbers are for relative comparison, not lender quotes or investment advice.