38425 N Lane Rd #C203WilloughbyOH44094
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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 Willoughby at 38425 N Lane Rd #C203, Willoughby, OH, 44094 earns from $864/mo rent with a $538/mo payment. Total monthly income totals $864/mo. ROI tracks 15.53% on current figures, and rental yield reads 9.43% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 83.11% and total cumulative return in cash sums $30,280. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $864/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$274 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Listed by: Judie Crockett • Howard Hanna
Mls Name: MLS Now
Mls ID: #5112180