216 Moore RdAvon LakeOH44012
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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 Avon Lake at 216 Moore Rd, Avon Lake, OH, 44012 priced at $139,900 pairs $1,054/mo rent with $134/mo cash flow after a $685/mo payment. Total monthly income equals $1,054/mo, and annual cash flow comes to $1,602/yr on $46,377 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 9.04% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 121.93% and total cumulative return in cash reaches $56,547. For financing, Ziffy Mortgage’s DSCR program evaluates $1,054/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1971
N/A 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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