59 Ashbourne DrWestlakeOH44145
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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
Investment Highlights
Rental property for sale in Westlake at 59 Ashbourne Dr, Westlake, OH, 44145 priced at $550,000 converts $4,416/mo rent into $427/mo cash flow after a $2,692/mo obligation. Total monthly income equals $4,416/mo, and annual cash flow totals $5,126/yr on $180,950 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 9.63% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 120.24% and total cumulative return in cash sums $217,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,416/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$371 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44145, Westlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,446 (100%) |
| Owner Occupied HU | 10,279 (66.5%) |
| Renter Occupied HU | 4,245 (27.5%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $359,821 |
| Average Home Value | $428,848 |
Housing Distribution
Address Breakdown
Residential
15,581
Single Family
11,117
Multi-Family
4,464
Businesses
1,922
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