109 Burlington Oval 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
Investment property for sale in Chardon at 109 Burlington Oval Dr, Chardon, OH, 44024 with 5% annual appreciation on a $215,000 basis while $2,170/mo rent supports operations. Total monthly income totals $2,170/mo and a $1,052/mo payment preserves $756/mo for cash returns. Annual cash flow comes to $9,073/yr on $71,273 deployed, and return on cash invested reaches 32.64% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 12.11%. Five-year ROI measures 171.69% and total cumulative return in cash totals $122,365.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,170/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
5,227 sqft lot
$N/A/sqft
No 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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