215 Lake Ave NEHartvilleOH44632
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Hartville rentals match the income profile of 215 Lake Ave NE, Hartville, OH, 44632. Listed at $205,900, gross rent is $2,040/mo and net cash flow is $686/mo, a 11.89% yield well above national averages. DSCR 2.20 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $56,886 by year five with $1,896/yr in annual principal reduction, projecting $122,560 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.2% |
| Monthly Cash Flow | $686 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $1,272 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1922
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44632, Hartville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,209 (100%) |
| Owner Occupied HU | 3,124 (74.2%) |
| Renter Occupied HU | 931 (22.1%) |
| Vacant Housing Units | 154 ( 3.7%) |
| Median Home Value | $286,624 |
| Average Home Value | $326,040 |
Housing Distribution
Address Breakdown
Residential
4,024
Single Family
4,024
Multi-Family
0
Businesses
489
Nearby investment properties with comparable rents
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
Single Family
Built in 1922
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44632, Hartville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,209 (100%) |
| Owner Occupied HU | 3,124 (74.2%) |
| Renter Occupied HU | 931 (22.1%) |
| Vacant Housing Units | 154 ( 3.7%) |
| Median Home Value | $286,624 |
| Average Home Value | $326,040 |
Housing Distribution
Address Breakdown
Residential
4,024
Single Family
4,024
Multi-Family
0
Businesses
489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices