11611 Hosford RdChardonOH44024
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 Chardon at 11611 Hosford Rd, Chardon, OH, 44024 uses $132,600 cash to close to unlock $4,880/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $3,038/mo, and a $1,958/mo payment keeps the spread at $407/mo. Purchase price stands at $400,000, and rental yield measures 9.11% with $3,038/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 123.08% and total cumulative return in cash records $163,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,038/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1977
1.75 Acres 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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Nearby investment properties with comparable prices
Listed by: Michael Kaim • Real of Ohio
Mls Name: MLS Now
Mls Provider:
Mls ID: #5161694
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