566 Lafayette BlvdSheffield LakeOH44054
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 Sheffield Lake at 566 Lafayette Blvd, Sheffield Lake, OH, 44054 priced at $216,000 pairs $1,588/mo rent with $167/mo cash flow after a $1,057/mo payment. Total monthly income equals $1,588/mo, and annual cash flow comes to $2,009/yr on $71,604 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 8.82% on a $216,000 basis. Equity gained on principal adds $1,394/yr, and 5% annual appreciation accumulates to $59,677 by year five. Five-year ROI measures 118.44% and total cumulative return in cash reaches $84,807. For financing, Ziffy Mortgage’s DSCR program evaluates $1,588/mo property income against a $1,057/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44054, Sheffield Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,781 (100%) |
| Owner Occupied HU | 3,959 (68.5%) |
| Renter Occupied HU | 1,481 (25.6%) |
| Vacant Housing Units | 341 ( 5.9%) |
| Median Home Value | $212,593 |
| Average Home Value | $273,551 |
Housing Distribution
Address Breakdown
Residential
5,599
Single Family
5,149
Multi-Family
450
Businesses
211
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Listed by: Bob Szarek • Howard Hanna
Mls Name: MLS Now
Mls ID: #5152506