239 Spring Crest DrLakeside 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
Rental property for sale in Lakeside Marblehead at 239 Spring Crest Dr, Lakeside Marblehead, OH, 43440 offers $1,873/mo rent that, after a $1,175/mo payment, leaves $294/mo cash flow. Total monthly income is $1,873/mo, and annual cash flow is $3,528/yr on $79,560 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 9.37% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 127.12% and total cumulative return in cash reaches $101,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,873/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.28 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: Leonard A. Partin • Century 21 Bolte Real Estate
Mls Name: Firelands MLS
Mls ID: #20252815