







Nearby investment properties with comparable rents
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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 Lakewood at 2026 Dowd Ave, Lakewood, OH, 44107 offers a 9.79% rental yield on a $375,000 purchase with $3,060/mo rent. Total monthly income registers $3,060/mo, and a $1,835/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,125/yr on $124,313 to close, and return on cash invested stands at 25.64% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 134.08% and total cumulative return in cash at $166,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,060/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1916
4,560 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44107, Lakewood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,461 (100%) |
| Owner Occupied HU | 11,791 (41.4%) |
| Renter Occupied HU | 14,239 (50.0%) |
| Vacant Housing Units | 2,431 ( 8.5%) |
| Median Home Value | $271,494 |
| Average Home Value | $318,482 |
Housing Distribution
Address Breakdown
Residential
26,978
Single Family
17,199
Multi-Family
9,779
Businesses
1,309
Price History
Date | Event | Price |
|---|---|---|
| 2025-11-06 | Listed for sale | $375,000 |
| 1997-06-24 | Sold | $66,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-07 | $5648.18 | 36.18% | $86,000 | 59.14% |
| 2023-11-07 | $4147.44 | -0.65% | $54,040 | N/A |
| 2022-11-07 | $4174.66 | 0.96% | $54,040 | N/A |
Nearby investment properties with comparable rents
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Nearby investment properties with comparable prices
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1916
- Architectural Style: N/A
- Building Area: 2,382
- Living Area: 2,382 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway
Location
- City: Lakewood
- Subdivision: Pleasant Hill
- Lot Size: 4,560 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Joe Vaccaro • EXP Realty, LLC.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5170198
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