1476 Bobby Ln #7WestlakeOH44145
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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 Westlake at 1476 Bobby Ln #7, Westlake, OH, 44145 uses $72,234 cash to close to unlock $8,162/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $1,067/mo payment keeps the spread at $680/mo. Purchase price stands at $217,900, and rental yield measures 11.64% with $2,114/mo rent. Return on cash invested shows 31.21% in year one, and 5% annual appreciation builds toward $60,202 over five years. Five-year ROI reaches 164.02% and total cumulative return in cash records $118,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44145, Westlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,446 (100%) |
| Owner Occupied HU | 10,279 (66.5%) |
| Renter Occupied HU | 4,245 (27.5%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $359,821 |
| Average Home Value | $428,848 |
Housing Distribution
Address Breakdown
Residential
15,581
Single Family
11,117
Multi-Family
4,464
Businesses
1,922
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