233 Gulls CvPainesvilleOH44077
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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 Painesville at 233 Gulls Cv, Painesville, OH, 44077 at $255,000 posts ROI 24.87% with $350/mo cash flow from $2,027/mo rent. Total monthly income equals $2,027/mo, and annual cash flow records $4,197/yr on $84,533 to close. Return on cash invested measures 24.87% and rental yield reads 9.54% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 129.97% and total cumulative return in cash totals $109,868.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,027/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1991
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: George Spiesman • Platinum Real Estate
Mls Name: MLS Now
Mls ID: #5156898