718 Pine Spring DrPainesvilleOH44077
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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
Rental property for sale in Painesville at 718 Pine Spring Dr, Painesville, OH, 44077 generates $2,027/mo in rent and, after a $1,089/mo payment, leaves $563/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $6,762/yr on $73,759 invested. Return on cash invested sits at 29.08% in year one, and rental yield is 10.93% on a $222,500 entry. Equity gained on principal adds $1,436/yr, while 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 152.53% and total cumulative return in cash sums $112,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Condo
Built in 2020
1,014 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: Rick L Furmage • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls ID: #5169443