7159 N Kipling PlPainesvilleOH44077
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
Rental property for sale in Painesville at 7159 N Kipling Pl, Painesville, OH, 44077 generates $1,682/mo in rent and, after a $1,218/mo payment, leaves $45/mo in cash flow. Total monthly income is $1,682/mo, and annual cash flow is $540/yr on $82,510 invested. Return on cash invested sits at 20.56% in year one, and rental yield is 8.11% on a $248,900 entry. Equity gained on principal adds $1,606/yr, while 5% annual appreciation builds toward $68,766 over five years. Five-year ROI reaches 106.93% and total cumulative return in cash sums $88,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,682/mo property income rather than buyer’s personal income.
Condo
Built in 1982
0.35 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Fellows • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls ID: #5155865