31337 Lake RdBay VillageOH44140
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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 Bay Village at 31337 Lake Rd, Bay Village, OH, 44140 listed at $279,900 pairs $1,959/mo rent with a $1,370/mo payment to leave $118/mo cash flow. Total monthly income runs $1,959/mo, and annual cash flow reaches $1,414/yr on $92,787 cash to close. Return on cash invested measures 21.43% in year one, and rental yield registers 8.4% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 111.53% and total cumulative return in cash totals $103,489. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,959/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,479 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44140, Bay Village, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 5,573 (88.5%) |
| Renter Occupied HU | 463 ( 7.4%) |
| Vacant Housing Units | 263 ( 4.2%) |
| Median Home Value | $346,297 |
| Average Home Value | $400,904 |
Housing Distribution
Address Breakdown
Residential
6,350
Single Family
6,175
Multi-Family
175
Businesses
292
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Listed by: Tony Apotsos • NextHome Experts
Mls Name: MLS Now
Mls ID: #5139368