503 Matera Ct #K-1Avon LakeOH44012
Nearby investment properties with comparable rents
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 Avon Lake at 503 Matera Ct #K-1, Avon Lake, OH, 44012 earns from $2,670/mo rent with a $2,656/mo payment. Total monthly income totals $2,670/mo. ROI tracks 12.07% on current figures, and rental yield reads 5.9% at a $542,688 purchase. Equity gained on principal adds $3,502/yr, and 5% annual appreciation supports $149,935 over five years. Five-year ROI reaches 61.97% and total cumulative return in cash sums $110,646. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,670/mo property income instead of your personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$290 monthly 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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Listed by: Ryan A Puzzitiello • Parkview Homes Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5033012
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