12700 Lake Ave APT 2711LakewoodOH44107
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 12700 Lake Ave APT 2711, Lakewood, OH, 44107 earns $127/mo cash flow from $946/mo rent with a $609/mo payment. Total monthly income totals $946/mo, and annual cash flow totals $1,529/yr on $41,272 capital. ROI tracks 23.61% on current figures, and rental yield reads 9.12% at a $124,500 purchase. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 over five years. Five-year ROI reaches 123.29% and total cumulative return in cash sums $50,884. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $946/mo property income instead of your personal income.
Condo
Built in 1962
N/A 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