8047 Ravenna RdConcord TownshipOH44077
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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 Concord Township at 8047 Ravenna Rd, Concord Township, OH, 44077 earns from $2,662/mo rent with a $2,691/mo payment. Total monthly income totals $2,662/mo. ROI tracks 13.73% on current figures, and rental yield reads 5.81% at a $549,800 purchase. Equity gained on principal adds $3,548/yr, and 5% annual appreciation supports $151,900 over five years. Five-year ROI reaches 70.19% and total cumulative return in cash sums $126,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,662/mo property income instead of your personal income.
Single Family
Built in 2000
49,222 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
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Listed by: N/A • N/A
Mls Name: HomeSmart
Mls Provider:
Mls ID: #5127763