6871 Auburn Rd UNIT 7Concord TownshipOH44077
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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
Investment property for sale in Concord Township at 6871 Auburn Rd UNIT 7, Concord Township, OH, 44077 offers a 5.47% rental yield on a $445,000 purchase with $2,027/mo rent. 59% in year one. Equity gained on principal adds $2,872/yr while 5% annual appreciation supports $122,945 over five years. Portfolio math shows five-year ROI at 64.07% and total cumulative return in cash at $94,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,027/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: Angelo J Marrali • Howard Hanna
Mls Name: MLS Now
Mls ID: #5145497