514 Laurel AveLakeside MarbleheadOH43440
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
Rental property for sale in Lakeside Marblehead at 514 Laurel Ave, Lakeside Marblehead, OH, 43440 priced at $541,000 pairs $1,572/mo rent with after a $2,648/mo payment. Total monthly income equals $1,572/mo. Return on cash invested is 5.83% in year one, and rental yield stands at 3.49% on a $541,000 basis. Equity gained on principal adds $3,491/yr, and 5% annual appreciation accumulates to $149,468 by year five. Five-year ROI measures 28.14% and total cumulative return in cash reaches $50,092. For financing, Ziffy Mortgage’s DSCR program evaluates $1,572/mo property income against a $2,648/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
4,948 sqft lot
$N/A/sqft
$372 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43440, Lakeside Marblehead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 1,948 (28.7%) |
| Renter Occupied HU | 366 ( 5.4%) |
| Vacant Housing Units | 4,472 (65.9%) |
| Median Home Value | $290,345 |
| Average Home Value | $375,601 |
Housing Distribution
Address Breakdown
Residential
4,986
Single Family
4,248
Multi-Family
738
Businesses
230
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Listed by: Pam Vogel • Keller Williams Elevate-Lakesi
Mls Name: Firelands MLS
Mls ID: #20243374
Disclaimer: Listing information is deemed reliable, but not guaranteed.