11298 Northlake DrLakeviewOH43331
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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 Lakeview at 11298 Northlake Dr, Lakeview, OH, 43331 uses $172,725 cash to close to unlock $5,067/yr annual cash flow and $422/mo monthly cash flow. Total monthly income runs $3,876/mo, and a $2,570/mo payment keeps the spread at $422/mo. Purchase price stands at $525,000, and rental yield measures 8.86% with $3,876/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 119.88% and total cumulative return in cash records $207,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,876/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1998
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43331, Lakeview, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,012 (100%) |
| Owner Occupied HU | 1,676 (41.8%) |
| Renter Occupied HU | 480 (12.0%) |
| Vacant Housing Units | 1,856 (46.3%) |
| Median Home Value | $211,699 |
| Average Home Value | $252,800 |
Housing Distribution
Address Breakdown
Residential
2,399
Single Family
2,399
Multi-Family
0
Businesses
85
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