229 James CirAvon LakeOH44012
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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
Rental property for sale in Avon Lake at 229 James Cir, Avon Lake, OH, 44012 priced at $349,900 converts $2,435/mo rent into $133/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,435/mo, and annual cash flow totals $1,596/yr on $115,992 invested. Return on cash invested prints 21.28% in year one, and rental yield reads 8.35% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 110.71% and total cumulative return in cash sums $128,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,435/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.35 Acres 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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