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$165,000

For Sale - Active
5919 Lake Rd W Apt 18, Ashtabula, OH 44004
1 Bed
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Sep 30, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$360
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Property Description


0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Welcome to Bigfoot Cabin located in Cabins on the Lake association in Saybrook Township, Ohio on the Banks of Lake Erie. Relax on the front porch and let your cares fade away. This can be your perfect getaway or if you are thinking of investing look no further, This property is currently making money as an Airbnb. Comes completely furnished. Bigfoot is in a Peaceful area with steps down to the waters edge where you can enjoy beautiful sunsets or relax around the firepit. Close to Historic Bridge Street shops and restaurants in the Ashtabula Harbor and also close to the strip at Geneva-On-The-Lake.

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Location


Property Details


Parking

  • Description: NoGarage
  • Details: On Site, Unpaved
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Metal

HOA

  • Has HOA: Yes
  • Association: Cabins on the Lake
  • HOA Fee: $200/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 480171101818
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Log Home, Ranch
  • Year Built: 2020

Tax Information

  • Annual Tax: $1,657

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard, Electric, Other
  • Cooling: Other

Location

  • County: Ashtabula

Listing Details


Listed by:
Rick L Furmage
Berkshire Hathaway HomeServices Professional Realty
(440) 862-0906

Source:
MLS Now
MLS#: 5148372
MLS Now

Investment Summary


Monthly Cash Flow
-$360
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$781
Property tax:
$138
Insurance:
$77
Private mortgage insurance (PMI):
$0
Monthly payment:
$996

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,100 $13,200
Vacancy loss: (6%)
6% -$66 -$792
Operating income:
$1,034 $12,408

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$138-$1,657
Insurance: (7%)
7%-$77-$924
Property management: (8%)
8%-$88-$1,056
Repairs & maintenance: (5%)
5%-$55-$660
Capital expenditures: (5%)
5%-$55-$660
HOA fees: (18%)
18%-$200-$2,400
Total operating expenses: (56%)
56%-$613-$7,357

Cash Flow


Monthly Yearly
Net operating income:
$421 $5,052
Mortgage payments:
-$781 -$9,372
Cash flow:
-$360 -$4,320