12700 Lake Ave APT 609LakewoodOH44107
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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 Lakewood at 12700 Lake Ave APT 609, Lakewood, OH, 44107 earns $216/mo cash flow from $1,136/mo rent with a $685/mo payment. Total monthly income totals $1,136/mo, and annual cash flow totals $2,586/yr on $46,377 capital. ROI tracks 25.49% on current figures, and rental yield reads 9.74% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash sums $61,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,136/mo property income instead of your personal income.
Condo
Built in 1962
9.57 Acres 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
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