3735 Lake RdSheffield LakeOH44054
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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 Sheffield Lake at 3735 Lake Rd, Sheffield Lake, OH, 44054 earns from $1,860/mo rent with a $3,157/mo payment. Total monthly income totals $1,860/mo. ROI tracks 6.59% on current figures, and rental yield reads 3.46% at a $645,000 purchase. Equity gained on principal adds $4,162/yr, and 5% annual appreciation supports $178,202 over five years. Five-year ROI reaches 31.88% and total cumulative return in cash sums $67,660. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,860/mo property income instead of your personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44054, Sheffield Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,781 (100%) |
| Owner Occupied HU | 3,959 (68.5%) |
| Renter Occupied HU | 1,481 (25.6%) |
| Vacant Housing Units | 341 ( 5.9%) |
| Median Home Value | $212,593 |
| Average Home Value | $273,551 |
Housing Distribution
Address Breakdown
Residential
5,599
Single Family
5,149
Multi-Family
450
Businesses
211
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Listed by: Mary Beth DeClerck • Howard Hanna
Mls Name: MLS Now
Mls ID: #5150031