692 Lucille AvePainesvilleOH44077
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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 Painesville at 692 Lucille Ave, Painesville, OH, 44077 listed at $186,900 pairs $1,481/mo rent with a $915/mo payment to leave $251/mo cash flow. Total monthly income runs $1,481/mo, and annual cash flow reaches $3,017/yr on $61,957 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 9.51% at a $186,900 basis. Equity gained on principal adds $1,206/yr, and annual property appreciation at 5% supports $51,637 by year five. Five-year ROI tracks 129.49% and total cumulative return in cash totals $80,231. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,481/mo property income relative to a $915/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1944
5,950 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: Alyssa Christison • CENTURY 21 Asa Cox Homes
Mls Name: MLS Now
Mls ID: #5137465