396 Park RdPainesvilleOH44077
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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 Painesville at 396 Park Rd, Painesville, OH, 44077 at $275,000 posts ROI 22.15% with $170/mo cash flow from $1,979/mo rent. Total monthly income equals $1,979/mo, and annual cash flow records $2,041/yr on $91,163 to close. Return on cash invested measures 22.15% and rental yield reads 8.64% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 115.4% and total cumulative return in cash totals $105,203.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,979/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: Michael Azzam • RE/MAX Haven Realty
Mls Name: MLS Now
Mls ID: #5176113