401 Bounty Way APT 213Avon LakeOH44012
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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
Rental property for sale in Avon Lake at 401 Bounty Way APT 213, Avon Lake, OH, 44012 generates $2,670/mo in rent and, after a $1,762/mo payment, leaves $302/mo in cash flow. Total monthly income is $2,670/mo, and annual cash flow is $3,626/yr on $119,307 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 8.9% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 119.67% and total cumulative return in cash sums $142,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,670/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44012, Avon Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,204 (100%) |
| Owner Occupied HU | 8,709 (77.7%) |
| Renter Occupied HU | 2,105 (18.8%) |
| Vacant Housing Units | 390 ( 3.5%) |
| Median Home Value | $378,148 |
| Average Home Value | $414,933 |
Housing Distribution
Address Breakdown
Residential
10,872
Single Family
9,810
Multi-Family
1,062
Businesses
506
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