2506 South StLakemoreOH44250
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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 Lakemore at 2506 South St, Lakemore, OH, 44250 offers a 16.76% rental yield on a $100,000 purchase with $1,397/mo rent. Total monthly income registers $1,397/mo, and a $489/mo payment leaves $740/mo available for distribution. Annual cash flow reaches $8,876/yr on $33,150 to close, and return on cash invested stands at 46.68% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 247% and total cumulative return in cash at $81,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,397/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
4,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44250, Lakemore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 520 (100%) |
| Owner Occupied HU | 337 (64.8%) |
| Renter Occupied HU | 137 (26.3%) |
| Vacant Housing Units | 46 ( 8.8%) |
| Median Home Value | $186,786 |
| Average Home Value | $297,908 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
52
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