2820 N Bay Dr APT P16WestlakeOH44145
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFinancing efficiency matters for international buyers, and 2820 N Bay Dr APT P16, Westlake, OH, 44145 in Westlake offers it: the 1.71 DSCR gives Ziffy Mortgage's underwriting team an unusually clean file, no U.S. credit, no personal income required. Rental yield 9.24%. Long-term, 5% appreciation is forecast to add $48,349, and $1,612/yr in principal paydown compounds equity steadily. Projected five-year cumulative return: $61,353.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $(103) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,348 |
| Total Monthly Debt Service | $1,382 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
43.56 sqft lot
$N/A/sqft
$300 monthly 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
Nearby investment properties with comparable rents
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
Condo
Built in 1985
43.56 sqft lot
$N/A/sqft
$300 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa M Seese • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110745
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