4502 Edgewater DrSheffield 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 4502 Edgewater Dr, Sheffield Lake, OH, 44054 offers a 3.08% rental yield on a $724,900 purchase with $1,860/mo rent. 43% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,277 over five years. Portfolio math shows five-year ROI at 25.66% and total cumulative return in cash at $61,185. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $3,548/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
8,276 sqft 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: Anthony R Latina • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5173636