116 Chardon AveChardonOH44024
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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 116 Chardon Ave, Chardon, OH, 44024 earns $537/mo cash flow from $2,144/mo rent with a $1,196/mo payment. Total monthly income totals $2,144/mo, and annual cash flow totals $6,438/yr on $81,035 capital. ROI tracks 27.85% on current figures, and rental yield reads 10.52% at a $244,450 purchase. Equity gained on principal adds $1,577/yr, and 5% annual appreciation supports $67,537 over five years. Five-year ROI reaches 145.98% and total cumulative return in cash sums $118,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,144/mo property income instead of your personal income.
Single Family
Built in 1900
6,098 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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