1606 Dover Center RdWestlakeOH44145
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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 Westlake at 1606 Dover Center Rd, Westlake, OH, 44145 generates $4,087/mo in rent and, after a $2,687/mo payment, leaves $476/mo in cash flow. Total monthly income is $4,087/mo, and annual cash flow is $5,710/yr on $180,621 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 8.93% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 121.08% and total cumulative return in cash sums $218,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,087/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
0.50 Acres 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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