808 N Creek 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 808 N Creek Dr, Painesville, OH, 44077 priced at $182,900 pairs $1,501/mo rent with $298/mo cash flow after a $895/mo payment. Total monthly income equals $1,501/mo, and annual cash flow comes to $3,577/yr on $60,631 invested. Return on cash invested is 25.81% in year one, and rental yield stands at 9.85% on a $182,900 basis. Equity gained on principal adds $1,180/yr, and 5% annual appreciation accumulates to $50,532 by year five. Five-year ROI measures 135.06% and total cumulative return in cash reaches $81,891. For financing, Ziffy Mortgage’s DSCR program evaluates $1,501/mo property income against a $895/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2005
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: Steve K Forsythe • Keller Williams Greater Cleveland Northeast
Mls Name: MLS Now
Mls ID: #5166069