7260 Cascade RdPainesvilleOH44077
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 Painesville at 7260 Cascade Rd, Painesville, OH, 44077 offers a 4.5% rental yield on a $895,000 purchase with $3,356/mo rent. 74% in year one. Equity gained on principal adds $5,775/yr while 5% annual appreciation supports $247,272 over five years. Portfolio math shows five-year ROI at 48.81% and total cumulative return in cash at $143,726. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,356/mo property income against a $4,381/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
2.33 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: Greg Pernus • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls ID: #5143105