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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 Painesville at 644 Riverside Dr, Painesville, OH, 44077 earns $2,747/mo cash flow from $6,036/mo rent with a $2,447/mo payment. Total monthly income totals $6,036/mo, and annual cash flow totals $32,968/yr on $165,750 capital. ROI tracks 39.8% on current figures, and rental yield reads 14.49% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 210.02% and total cumulative return in cash sums $348,104. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,036/mo property income instead of your personal income.
Single Family
Built in 1850
2.29 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-13 | Pending sale | $499,900 |
| 2025-06-12 | Sold | $500,000 |
| 2025-04-25 | Contingent | $499,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-29 | $7513.60 | -4.70% | $153,720 | 16.42% |
| 2023-07-29 | $7884.30 | 4.77% | $132,040 | 2.18% |
| 2022-07-29 | $7525.62 | -0.36% | $129,220 | 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: SingleFamily
- Year Built: 1850
- Architectural Style: Colonial
- Building Area: 4,654
- Living Area: 4,654 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Gas, Radiant
- Cooling: Central Air, Window Unit(s)
- Flooring: N/A
- Interior Features: Breakfast Bar, Entrance Foyer, Granite Counters, Bar, Walk-In Closet(s)
- Exterior Features: Gas Grill, Outdoor Grill, Private Yard
- Parking Features: Additional Parking, Attached, Basement, Driveway, Garage, Garage Door Opener
Location
- City: Painesville
- Subdivision: Painesville Township 01
- Lot Size: 2.29 Acres
- Lot Features: Waterfall, Wooded
- View: Panoramic
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: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Sharon M Zunkley • Keller Williams Greater Cleveland Northeast
Mls Name: MLS Now
Mls Provider:
Mls ID: #5115498
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