764 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 764 Pine Spring Dr, Painesville, OH, 44077 priced at $199,900 pairs $1,717/mo rent with $279/mo cash flow after a $978/mo payment. Total monthly income equals $1,717/mo, and annual cash flow comes to $3,348/yr on $66,267 invested. Return on cash invested is 24.96% in year one, and rental yield stands at 10.31% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 131.32% and total cumulative return in cash reaches $87,025. For financing, Ziffy Mortgage’s DSCR program evaluates $1,717/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2020
1,014 sqft lot
$N/A/sqft
$90 monthly 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: Jason F Hadad • McDowell Homes Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5098942
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