294 Lakewick LnWillowickOH44095
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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 Willowick at 294 Lakewick Ln, Willowick, OH, 44095 priced at $267,000 converts $1,206/mo rent into after a $1,307/mo obligation. Total monthly income equals $1,206/mo. Return on cash invested prints 12.45% in year one, and rental yield reads 5.42% against a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation compiles into $73,767 by year five. Five-year ROI reaches 63.35% and total cumulative return in cash sums $56,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,206/mo property income covering a $1,307/mo payment, not borrower’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44095, Eastlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,632 (100%) |
| Owner Occupied HU | 11,292 (72.2%) |
| Renter Occupied HU | 3,726 (23.8%) |
| Vacant Housing Units | 614 ( 3.9%) |
| Median Home Value | $171,041 |
| Average Home Value | $221,257 |
Housing Distribution
Address Breakdown
Residential
15,080
Single Family
13,615
Multi-Family
1,465
Businesses
836
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