493 E 331st StEastlakeOH44095
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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 Eastlake at 493 E 331st St, Eastlake, OH, 44095 uses $53,007 cash to close to unlock $2,326/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,246/mo, and a $783/mo payment keeps the spread at $194/mo. Purchase price stands at $159,900, and rental yield measures 9.35% with $1,246/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 126.9% and total cumulative return in cash records $67,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,246/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44095, Eastlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,632 (100%) |
| Owner Occupied HU | 11,292 (72.2%) |
| Renter Occupied HU | 3,726 (23.8%) |
| Vacant Housing Units | 614 ( 3.9%) |
| Median Home Value | $171,041 |
| Average Home Value | $221,257 |
Housing Distribution
Address Breakdown
Residential
15,080
Single Family
13,615
Multi-Family
1,465
Businesses
836
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