1263 Watermark LnPainesvilleOH44077
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 Painesville at 1263 Watermark Ln, Painesville, OH, 44077 uses $89,505 cash to close to unlock $3,546/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,360/mo, and a $1,322/mo payment keeps the spread at $296/mo. Purchase price stands at $270,000, and rental yield measures 10.49% with $2,360/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 126.03% and total cumulative return in cash records $112,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,360/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$288 monthly 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 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael L Warren • Howard Hanna
Mls Name: MLS Now
Mls ID: #5032988