2880 N Bay Dr APT N15WestlakeOH44145
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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 2880 N Bay Dr APT N15, Westlake, OH, 44145 listed at $212,550 pairs $2,222/mo rent with a $1,040/mo payment to leave $524/mo cash flow. Total monthly income runs $2,222/mo, and annual cash flow reaches $6,291/yr on $70,460 cash to close. Return on cash invested measures 28.84% in year one, and rental yield registers 12.54% at a $212,550 basis. Equity gained on principal adds $1,372/yr, and annual property appreciation at 5% supports $58,724 by year five. Five-year ROI tracks 153.14% and total cumulative return in cash totals $107,904. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,222/mo property income relative to a $1,040/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A 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
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Listed by: Mark Zannoni • Keller Williams Greater Metropolitan
Mls Name: MLS Now
Mls Provider:
Mls ID: #5147808
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