701 E 315th StWillowickOH44095
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 Willowick at 701 E 315th St, Willowick, OH, 44095 uses $65,637 cash to close to unlock $2,432/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $969/mo payment keeps the spread at $203/mo. Purchase price stands at $198,000, and rental yield measures 9.12% with $1,505/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 123.25% and total cumulative return in cash records $80,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44095, Eastlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,632 (100%) |
| Owner Occupied HU | 11,292 (72.2%) |
| Renter Occupied HU | 3,726 (23.8%) |
| Vacant Housing Units | 614 ( 3.9%) |
| Median Home Value | $171,041 |
| Average Home Value | $221,257 |
Housing Distribution
Address Breakdown
Residential
15,080
Single Family
13,615
Multi-Family
1,465
Businesses
836
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices