885 Lake Breeze RdSheffield LakeOH44054
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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 Sheffield Lake at 885 Lake Breeze Rd, Sheffield Lake, OH, 44054 priced at $180,000 converts $1,445/mo rent into $261/mo cash flow after a $881/mo obligation. Total monthly income equals $1,445/mo, and annual cash flow totals $3,132/yr on $59,670 invested. Return on cash invested prints 25.16% in year one, and rental yield reads 9.63% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 131.49% and total cumulative return in cash sums $78,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,445/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44054, Sheffield Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,781 (100%) |
| Owner Occupied HU | 3,959 (68.5%) |
| Renter Occupied HU | 1,481 (25.6%) |
| Vacant Housing Units | 341 ( 5.9%) |
| Median Home Value | $212,593 |
| Average Home Value | $273,551 |
Housing Distribution
Address Breakdown
Residential
5,599
Single Family
5,149
Multi-Family
450
Businesses
211
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Listed by: Kim Kelly • Berkshire Hathaway HomeServices Professional Realty
Mls Name: MLS Now
Mls ID: #5167756