283 Lear RdAvon LakeOH44012
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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 Avon Lake at 283 Lear Rd, Avon Lake, OH, 44012 priced at $320,700 pairs $2,280/mo rent with $170/mo cash flow after a $1,570/mo payment. Total monthly income equals $2,280/mo, and annual cash flow comes to $2,042/yr on $106,312 invested. Return on cash invested is 21.83% in year one, and rental yield stands at 8.53% on a $320,700 basis. Equity gained on principal adds $2,069/yr, and 5% annual appreciation accumulates to $88,604 by year five. Five-year ROI measures 113.68% and total cumulative return in cash reaches $120,859. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44012, Avon Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,204 (100%) |
| Owner Occupied HU | 8,709 (77.7%) |
| Renter Occupied HU | 2,105 (18.8%) |
| Vacant Housing Units | 390 ( 3.5%) |
| Median Home Value | $378,148 |
| Average Home Value | $414,933 |
Housing Distribution
Address Breakdown
Residential
10,872
Single Family
9,810
Multi-Family
1,062
Businesses
506
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