3327 Balsam DrWestlakeOH44145
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3327 Balsam Dr, Westlake, OH, 44145 uses $190,985 cash to close to unlock $7,660/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $4,464/mo, and a $2,841/mo payment keeps the spread at $638/mo. Purchase price stands at $580,501, and rental yield measures 9.23% with $4,464/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $160,382 over five years. Five-year ROI reaches 125.67% and total cumulative return in cash records $240,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,464/mo property income covering a $2,841/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.35 Acres lot
$N/A/sqft
$90 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices