850 Bank StPainesvilleOH44077
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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 850 Bank St, Painesville, OH, 44077 offers a 9.32% rental yield on a $126,000 purchase with $979/mo rent. Total monthly income registers $979/mo, and a $617/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,799/yr on $41,769 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $813/yr while 5% annual appreciation supports $34,811 over five years. Portfolio math shows five-year ROI at 126.43% and total cumulative return in cash at $52,807. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $979/mo property income against a $617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,147 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: Matthew S Eckliff • Century 21 Homestar
Mls Name: MLS Now
Mls ID: #5153918