748 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
Investment property for sale in Painesville at 748 Pine Spring Dr, Painesville, OH, 44077 with 5% annual appreciation on a $224,000 basis while $2,027/mo rent supports operations. Total monthly income totals $2,027/mo and a $1,096/mo payment preserves $554/mo for cash returns. Annual cash flow comes to $6,647/yr on $74,256 deployed, and return on cash invested reaches 28.86% in year one. Equity gained on principal adds $1,445/yr, and five-year appreciation sums $61,887 alongside rental yield of 10.86%. Five-year ROI measures 151.33% and total cumulative return in cash totals $112,375.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,027/mo property income versus a $1,096/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Doris M Wright • HomeSmart Real Estate Momentum LLC
Mls Name: MLS Now
Mls ID: #5179508