Is Cleveland, AL a good place to invest in rental property?

Cleveland, AL has a median modeled monthly cash flow of $-711 and a median cap rate of 2.5%, on a median sold price of $197,450. Prices changed -12.5% year over year.

What is the average cap rate in Cleveland, AL?

The median cap rate across recently sold homes in Cleveland, AL is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cleveland, AL?

The median sold price in Cleveland, AL is $197,450 (about $136 per square foot).

Investing in Cleveland, AL Real Estate

A data-driven snapshot of the Cleveland, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$197,450Median sold price

$136Median $/sqft

2.5%Median cap rate

$-711Modeled cash flow / mo

-12.5%Appreciation YoY

10.0Months of supply

25Active listings

30Sold (last 12 mo)

What the Cleveland numbers say

In Cleveland, AL, the median home sold for $197,450 (about $136 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-711 of monthly cash flow. Sold prices moved -12.5% over the past year. Inventory sits at about 10.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Cleveland cash-flowing listings

CashFlowRE ranks every for-sale home in Cleveland, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cleveland deals, or browse the national market data.