2217 Meter RdLakeside MarbleheadOH43440
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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
Investment property for sale in Lakeside Marblehead at 2217 Meter Rd, Lakeside Marblehead, OH, 43440 uses $112,379 cash to close to unlock $2,332/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $2,424/mo, and a $1,659/mo payment keeps the spread at $194/mo. Purchase price stands at $339,000, and rental yield measures 8.58% with $2,424/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 114.52% and total cumulative return in cash records $128,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,424/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43440, Lakeside Marblehead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 1,948 (28.7%) |
| Renter Occupied HU | 366 ( 5.4%) |
| Vacant Housing Units | 4,472 (65.9%) |
| Median Home Value | $290,345 |
| Average Home Value | $375,601 |
Housing Distribution
Address Breakdown
Residential
4,986
Single Family
4,248
Multi-Family
738
Businesses
230
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Listed by: Brayden Martin • Keller Williams Citywide-PC
Mls Name: Firelands MLS
Mls ID: #20253763
Disclaimer: Listing information is deemed reliable, but not guaranteed.