1278 Gladys AveLakewoodOH44107
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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 1278 Gladys Ave, Lakewood, OH, 44107 earns from $1,896/mo rent with a $1,791/mo payment. Total monthly income totals $1,896/mo. ROI tracks 14.85% on current figures, and rental yield reads 6.22% at a $366,000 purchase. Equity gained on principal adds $2,362/yr, and 5% annual appreciation supports $101,119 over five years. Five-year ROI reaches 76.23% and total cumulative return in cash sums $92,493. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,896/mo property income instead of your personal income.
Multi Family
Built in 1908
3,959 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
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Listed by: Mandria Aceto • Realuxe Ohio
Mls Name: MLS Now
Mls Provider:
Mls ID: #5144450
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