1566 Winchester 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
Rental property for sale in Lakewood at 1566 Winchester Ave, Lakewood, OH, 44107 priced at $368,900 converts $3,060/mo rent into $633/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $7,596/yr on $122,290 invested. Return on cash invested prints 26.12% in year one, and rental yield reads 9.95% against a $368,900 entry. Equity gained on principal adds $2,380/yr, while 5% annual appreciation compiles into $101,920 by year five. Five-year ROI reaches 136.7% and total cumulative return in cash sums $167,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1894
3,162 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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