1238 E 362nd StEastlakeOH44095
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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 Eastlake at 1238 E 362nd St, Eastlake, OH, 44095 earns $1,093/mo cash flow from $1,914/mo rent with a $611/mo payment. Total monthly income totals $1,914/mo, and annual cash flow totals $13,113/yr on $41,404 capital. ROI tracks 51.58% on current figures, and rental yield reads 18.39% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 273.18% and total cumulative return in cash sums $113,110. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,914/mo property income instead of your personal income.
Single Family
Built in 1948
5,641 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44095, Eastlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,632 (100%) |
| Owner Occupied HU | 11,292 (72.2%) |
| Renter Occupied HU | 3,726 (23.8%) |
| Vacant Housing Units | 614 ( 3.9%) |
| Median Home Value | $171,041 |
| Average Home Value | $221,257 |
Housing Distribution
Address Breakdown
Residential
15,080
Single Family
13,615
Multi-Family
1,465
Businesses
836
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