5605 W Lake Rd #13, Vermilion, OH, 44089 | 2.58% 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 #13, Vermilion, OH, 44089 offers a 2.58% rental yield on a $1,355,000 purchase with $2,914/mo rent. 51% in year one. Equity gained on principal adds $8,744/yr while 5% annual appreciation supports $374,362 over five years. Portfolio math shows five-year ROI at 5.52% and total cumulative return in cash at $24,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,914/mo property income against a $6,632/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

$900 monthly HOA