0 Chardonnay Dr #20-22Kelleys IslandOH43438
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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
Investment property for sale in Kelleys Island at 0 Chardonnay Dr #20-22, Kelleys Island, OH, 43438 uses $57,979 cash to close to unlock $6,139/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $1,662/mo, and a $856/mo payment keeps the spread at $512/mo. Purchase price stands at $174,900, and rental yield measures 11.4% with $1,662/mo rent. Return on cash invested shows 30.5% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 160.15% and total cumulative return in cash records $92,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,662/mo property income covering a $856/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43438, Kelleys Island, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 895 (100%) |
| Owner Occupied HU | 117 (13.1%) |
| Renter Occupied HU | 19 ( 2.1%) |
| Vacant Housing Units | 759 (84.8%) |
| Median Home Value | $329,762 |
| Average Home Value | $415,534 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
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Listed by: Jason A. Smith • RE/MAX Above & Beyond
Mls Name: Firelands MLS
Mls ID: #20230932
Disclaimer: Listing information is deemed reliable, but not guaranteed.