1029 Chestnut StGraftonOH44044
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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 Grafton at 1029 Chestnut St, Grafton, OH, 44044 uses $65,969 cash to close to unlock $7,644/yr annual cash flow and $637/mo monthly cash flow. Total monthly income runs $1,946/mo, and a $974/mo payment keeps the spread at $637/mo. Purchase price stands at $199,000, and rental yield measures 11.73% with $1,946/mo rent. Return on cash invested shows 31.5% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 165.58% and total cumulative return in cash records $109,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,946/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1927
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44044, Grafton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,952 (100%) |
| Owner Occupied HU | 4,208 (85.0%) |
| Renter Occupied HU | 555 (11.2%) |
| Vacant Housing Units | 189 ( 3.8%) |
| Median Home Value | $299,470 |
| Average Home Value | $316,501 |
Housing Distribution
Address Breakdown
Residential
5,002
Single Family
4,995
Multi-Family
7
Businesses
255
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