1081 Lake AveAuroraOH44202
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Aurora at 1081 Lake Ave, Aurora, OH, 44202 uses $35,084 cash to close to unlock $16,158/yr annual cash flow and $1,346/mo monthly cash flow. Total monthly income runs $2,155/mo, and a $518/mo payment keeps the spread at $1,346/mo. Purchase price stands at $105,834, and rental yield measures 24.43% with $2,155/mo rent. Return on cash invested shows 65.96% in year one, and 5% annual appreciation builds toward $29,240 over five years. Five-year ROI reaches 351.75% and total cumulative return in cash records $123,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,155/mo property income covering a $518/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44202, Aurora, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 7,394 (80.3%) |
| Renter Occupied HU | 1,332 (14.5%) |
| Vacant Housing Units | 482 ( 5.2%) |
| Median Home Value | $383,597 |
| Average Home Value | $431,701 |
Housing Distribution
Address Breakdown
Residential
9,208
Single Family
8,077
Multi-Family
1,131
Businesses
590
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