117 Clover Cliff DrChippewa LakeOH44215
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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 Chippewa Lake at 117 Clover Cliff Dr, Chippewa Lake, OH, 44215 offers $1,814/mo rent that, after a $962/mo payment, leaves $521/mo cash flow. Total monthly income is $1,814/mo, and annual cash flow is $6,253/yr on $65,173 cash. Return on cash invested measures 29.5% in year one, and rental yield stands at 11.07% at a $196,600 entry. Equity gained on principal adds $1,269/yr while 5% annual appreciation compounds into $54,317 by year five. Five-year ROI records 154.86% and total cumulative return in cash reaches $100,928. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,814/mo property income versus a $962/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
3,223 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44215, Chippewa Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,131 (100%) |
| Owner Occupied HU | 807 (71.4%) |
| Renter Occupied HU | 155 (13.7%) |
| Vacant Housing Units | 169 (14.9%) |
| Median Home Value | $274,593 |
| Average Home Value | $323,779 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
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