148 S Settlers LnPainesvilleOH44077
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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
Rental property for sale in Painesville at 148 S Settlers Ln, Painesville, OH, 44077 priced at $334,000 converts $2,878/mo rent into $652/mo cash flow after a $1,635/mo obligation. Total monthly income equals $2,878/mo, and annual cash flow totals $7,819/yr on $110,721 invested. Return on cash invested prints 26.97% in year one, and rental yield reads 10.34% against a $334,000 entry. Equity gained on principal adds $2,155/yr, while 5% annual appreciation compiles into $92,278 by year five. Five-year ROI reaches 141.36% and total cumulative return in cash sums $156,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,878/mo property income covering a $1,635/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,538 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: Elizabeth C Looman • Howard Hanna
Mls Name: MLS Now
Mls ID: #5135543