223 Beck RdAvon LakeOH44012
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
Investment Highlights
Investment property for sale in Avon Lake at 223 Beck Rd, Avon Lake, OH, 44012 uses $101,108 cash to close to unlock $1,423/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,493/mo payment keeps the spread at $119/mo. Purchase price stands at $305,000, and rental yield measures 8.36% with $2,125/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 110.9% and total cumulative return in cash records $112,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices