2204 Wyandotte 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 2204 Wyandotte Ave, Lakewood, OH, 44107 priced at $269,500 pairs $2,354/mo rent with $578/mo cash flow after a $1,319/mo payment. Total monthly income equals $2,354/mo, and annual cash flow comes to $6,936/yr on $89,339 invested. Return on cash invested is 27.67% in year one, and rental yield stands at 10.48% on a $269,500 basis. Equity gained on principal adds $1,739/yr, and 5% annual appreciation accumulates to $74,458 by year five. Five-year ROI measures 144.98% and total cumulative return in cash reaches $129,528. For financing, Ziffy Mortgage’s DSCR program evaluates $2,354/mo property income against a $1,319/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
4,238 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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