12700 Lake Ave APT 802LakewoodOH44107
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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 802, Lakewood, OH, 44107 earns from $2,440/mo rent with a $1,170/mo payment. Total monthly income totals $2,440/mo. ROI tracks 15.05% on current figures, and rental yield reads 12.25% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 83.86% and total cumulative return in cash sums $66,444. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,440/mo property income instead of your personal income.
Condo
Built in 1962
9.57 Acres lot
$N/A/sqft
$1,160 monthly 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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