6035 Lake Rd W APT 232AshtabulaOH44004
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
Total monthly income runs $660/mo, and a $1,077/mo payment. Purchase price stands at $220,000, and rental yield measures 3.6% with $660/mo rent. Return on cash invested shows 3.6% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 17.11% and total cumulative return in cash records $12,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $660/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$204 monthly 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
Listed by: Joann Petkovich • Coldwell Banker EvenBay Real Estate LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5016222
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2024 - Multiple Listing Service, Inc. All Rights Reserved.