5605 W Lake Rd #23, Vermilion, OH, 44089 | Equity Gain $9,099/yr

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 #23, Vermilion, OH, 44089 offers a 1.19% rental yield on a $1,410,000 purchase with $1,404/mo rent. 67% in year one. Equity gained on principal adds $9,099/yr while 5% annual appreciation supports $389,557 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $6,901/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