0 Chardonnay Dr LOT 3Kelleys IslandOH43438
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 LOT 3, Kelleys Island, OH, 43438 at $109,900 posts ROI 44.18% with $737/mo cash flow from $1,460/mo rent. Total monthly income equals $1,460/mo, and annual cash flow records $8,844/yr on $36,432 to close. Return on cash invested measures 44.18% and rental yield reads 15.94% at the current $109,900. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 by year five. Five-year ROI prints 233.51% and total cumulative return in cash totals $85,072.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,460/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
0.38 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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Nearby investment properties with comparable prices
Listed by: Jason A. Smith • RE/MAX Above & Beyond
Mls Name: Firelands MLS
Mls ID: #20243834
Disclaimer: Listing information is deemed reliable, but not guaranteed.