1242 Belle AveLakewoodOH44107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakewood at 1242 Belle Ave, Lakewood, OH, 44107 earns from $3,136/mo rent with a $2,831/mo payment. Total monthly income totals $3,136/mo. ROI tracks 15.45% on current figures, and rental yield reads 6.51% at a $578,500 purchase. Equity gained on principal adds $3,733/yr, and 5% annual appreciation supports $159,829 over five years. Five-year ROI reaches 79.55% and total cumulative return in cash sums $151,410. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,136/mo property income instead of your personal income.
Single Family
Built in 1913
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44107, Lakewood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,461 (100%) |
| Owner Occupied HU | 11,791 (41.4%) |
| Renter Occupied HU | 14,239 (50.0%) |
| Vacant Housing Units | 2,431 ( 8.5%) |
| Median Home Value | $271,494 |
| Average Home Value | $318,482 |
Housing Distribution
Address Breakdown
Residential
26,978
Single Family
17,199
Multi-Family
9,779
Businesses
1,309
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices