10340 Sawmill DrChardonOH44024
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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
Rental property for sale in Chardon at 10340 Sawmill Dr, Chardon, OH, 44024 generates $5,687/mo in rent and, after a $3,426/mo payment, leaves $1,076/mo in cash flow. Total monthly income is $5,687/mo, and annual cash flow is $12,917/yr on $230,300 invested. Return on cash invested sits at 25.67% in year one, and rental yield is 9.75% on a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 134.23% and total cumulative return in cash sums $309,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,687/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
3.81 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44024, Chardon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,862 (100%) |
| Owner Occupied HU | 7,978 (80.9%) |
| Renter Occupied HU | 1,370 (13.9%) |
| Vacant Housing Units | 514 ( 5.2%) |
| Median Home Value | $346,742 |
| Average Home Value | $348,300 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,322
Multi-Family
411
Businesses
931
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