568 Bassett RdBay VillageOH44140
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 Bay Village at 568 Bassett Rd, Bay Village, OH, 44140 priced at $385,000 converts $2,880/mo rent into $348/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $4,175/yr on $127,628 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.98% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 120.88% and total cumulative return in cash sums $154,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44140, Bay Village, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 5,573 (88.5%) |
| Renter Occupied HU | 463 ( 7.4%) |
| Vacant Housing Units | 263 ( 4.2%) |
| Median Home Value | $346,297 |
| Average Home Value | $400,904 |
Housing Distribution
Address Breakdown
Residential
6,350
Single Family
6,175
Multi-Family
175
Businesses
292
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Listed by: Heather Byrne • Century 21 DeAnna Realty
Mls Name: MLS Now
Mls ID: #5178626