117 Cleveland StChagrin FallsOH44022
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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 Chagrin Falls at 117 Cleveland St, Chagrin Falls, OH, 44022 generates $2,994/mo in rent and, after a $1,688/mo payment, leaves $725/mo in cash flow. Total monthly income is $2,994/mo, and annual cash flow is $8,705/yr on $114,334 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 10.42% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 144.21% and total cumulative return in cash sums $164,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,994/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
3,815 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44022, Chagrin Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 5,959 (81.5%) |
| Renter Occupied HU | 812 (11.1%) |
| Vacant Housing Units | 537 ( 7.3%) |
| Median Home Value | $451,171 |
| Average Home Value | $555,710 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,785
Multi-Family
524
Businesses
658
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Listed by: Michael Azzam • RE/MAX Haven Realty
Mls Name: MLS Now
Mls ID: #5175480