5919 Lake Rd W UNIT 13AshtabulaOH44004
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
Investment property for sale in Ashtabula at 5919 Lake Rd W UNIT 13, Ashtabula, OH, 44004 uses $65,969 cash to close to unlock $1,128/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $974/mo payment keeps the spread at $94/mo. Purchase price stands at $199,000, and rental yield measures 8.46% with $1,403/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 112.61% and total cumulative return in cash records $74,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 2020
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44004, Ashtabula, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,725 (100%) |
| Owner Occupied HU | 8,611 (54.8%) |
| Renter Occupied HU | 4,963 (31.6%) |
| Vacant Housing Units | 2,151 (13.7%) |
| Median Home Value | $148,843 |
| Average Home Value | $183,060 |
Housing Distribution
Address Breakdown
Residential
14,394
Single Family
13,309
Multi-Family
1,085
Businesses
911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices