309 Cherry AveLakeside MarbleheadOH43440
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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 Lakeside Marblehead at 309 Cherry Ave, Lakeside Marblehead, OH, 43440 generates $1,728/mo in rent, after a $3,666/mo payment. Total monthly income is $1,728/mo. Return on cash invested sits at 3.69% in year one, and rental yield is 2.77% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 16.62% and total cumulative return in cash sums $40,948. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,728/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,337 sqft lot
$N/A/sqft
$491 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43440, Lakeside Marblehead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 1,948 (28.7%) |
| Renter Occupied HU | 366 ( 5.4%) |
| Vacant Housing Units | 4,472 (65.9%) |
| Median Home Value | $290,345 |
| Average Home Value | $375,601 |
Housing Distribution
Address Breakdown
Residential
4,986
Single Family
4,248
Multi-Family
738
Businesses
230
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Listed by: Kimberly Redfern • Street Sotheby's International
Mls Name: Firelands MLS
Mls ID: #20242820
Disclaimer: Listing information is deemed reliable, but not guaranteed.