306 E 323rd StWillowickOH44095
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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 Willowick at 306 E 323rd St, Willowick, OH, 44095 offers a 11.25% rental yield on a $230,500 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,128/mo payment leaves $644/mo available for distribution. Annual cash flow reaches $7,728/yr on $76,411 to close, and return on cash invested stands at 30.02% in year one. Equity gained on principal adds $1,487/yr while 5% annual appreciation supports $63,683 over five years. Portfolio math shows five-year ROI at 157.59% and total cumulative return in cash at $120,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4,948 sqft 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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