WINDSOR Plan, Hygrove VillasPainesvilleOH44077
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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 WINDSOR Plan, Hygrove Villas, Painesville, OH, 44077 priced at $530,000 converts $4,228/mo rent into $462/mo cash flow after a $2,594/mo obligation. Total monthly income equals $4,228/mo, and annual cash flow totals $5,542/yr on $174,370 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.57% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 121.88% and total cumulative return in cash sums $212,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,228/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$280 monthly 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 • Ralph Victor Construction Inc.
Mls Name: Ralph Victor Construction Inc.
Mls ID: #N/A