24315 Hedgewood AveWestlakeOH44145
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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 Westlake at 24315 Hedgewood Ave, Westlake, OH, 44145 earns $1,387/mo cash flow from $3,078/mo rent with a $1,256/mo payment. Total monthly income totals $3,078/mo, and annual cash flow totals $16,644/yr on $85,079 capital. ROI tracks 39.47% on current figures, and rental yield reads 14.39% at a $256,650 purchase. Equity gained on principal adds $1,656/yr, and 5% annual appreciation supports $70,908 over five years. Five-year ROI reaches 208.26% and total cumulative return in cash sums $177,190. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,078/mo property income instead of your personal income.
Single Family
Built in 1951
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44145, Westlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,446 (100%) |
| Owner Occupied HU | 10,279 (66.5%) |
| Renter Occupied HU | 4,245 (27.5%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $359,821 |
| Average Home Value | $428,848 |
Housing Distribution
Address Breakdown
Residential
15,581
Single Family
11,117
Multi-Family
4,464
Businesses
1,922
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