7204 Excaliber Dr UNIT 157-BPainesvilleOH44077
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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 7204 Excaliber Dr UNIT 157-B, Painesville, OH, 44077 offers a 9.84% rental yield on a $183,000 purchase with $1,501/mo rent. Total monthly income registers $1,501/mo, and a $896/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,563/yr on $60,665 to close, and return on cash invested stands at 25.78% in year one. Equity gained on principal adds $1,181/yr while 5% annual appreciation supports $50,560 over five years. Portfolio math shows five-year ROI at 134.84% and total cumulative return in cash at $81,803. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,501/mo property income against a $896/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A 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: Michael Kaim • Real of Ohio
Mls Name: MLS Now
Mls ID: #5160877