11200 Caddie Ln, Painesville, OH, 44077 | 5.66% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,027/mo, and a $2,104/mo payment. Purchase price stands at $429,900, and rental yield measures 5.66% with $2,027/mo rent. Return on cash invested shows 13.17% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 67.21% and total cumulative return in cash records $95,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,027/mo property income covering a $2,104/mo payment rather than investor’s personal income.

Condo

Built in 2003

0.58 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	25,374 (100%)
Owner Occupied HU	17,667 (69.6%)
Renter Occupied HU	6,312 (24.9%)
Vacant Housing Units	1,395 ( 5.5%)
Median Home Value	$257,846
Average Home Value	$298,922