193 Lear RdAvon LakeOH44012
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Nearby investment properties with comparable prices
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 Avon Lake at 193 Lear Rd, Avon Lake, OH, 44012 with 5% annual appreciation on a $180,000 basis while $1,687/mo rent supports operations. Total monthly income totals $1,687/mo and a $881/mo payment preserves $503/mo for cash returns. Annual cash flow comes to $6,036/yr on $59,670 deployed, and return on cash invested reaches 30.02% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 11.25%. Five-year ROI measures 157.57% and total cumulative return in cash totals $94,025.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,687/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44012, Avon Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,204 (100%) |
| Owner Occupied HU | 8,709 (77.7%) |
| Renter Occupied HU | 2,105 (18.8%) |
| Vacant Housing Units | 390 ( 3.5%) |
| Median Home Value | $378,148 |
| Average Home Value | $414,933 |
Housing Distribution
Address Breakdown
Residential
10,872
Single Family
9,810
Multi-Family
1,062
Businesses
506
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Nearby investment properties with comparable prices
Listed by: Pradnya Martz • Keller Williams Citywide
Mls Name: MLS Now
Mls Provider:
Mls ID: #5096182
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