881 Rivers Edge LnPainesvilleOH44077
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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 881 Rivers Edge Ln, Painesville, OH, 44077 earns $659/mo cash flow from $2,106/mo rent with a $1,077/mo payment. Total monthly income totals $2,106/mo, and annual cash flow totals $7,904/yr on $72,930 capital. ROI tracks 30.75% on current figures, and rental yield reads 11.49% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 161.5% and total cumulative return in cash sums $117,779. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,106/mo property income instead of your personal income.
Condo
Built in 2009
1,873 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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