5605 W Lake Rd #123, Vermilion, OH, 44089 | 2.48% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Vermilion at 5605 W Lake Rd #123, Vermilion, OH, 44089 earns from $1,404/mo rent with a $3,328/mo payment. Total monthly income totals $1,404/mo. ROI tracks 3.6% on current figures, and rental yield reads 2.48% at a $680,000 purchase. Equity gained on principal adds $4,388/yr, and 5% annual appreciation supports $187,871 over five years. Five-year ROI reaches 15.88% and total cumulative return in cash sums $35,520. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,404/mo property income instead of your personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA