11702 Clark RdChardonOH44024
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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 11702 Clark Rd, Chardon, OH, 44024 listed at $299,900 pairs $2,007/mo rent with a $1,468/mo payment to leave $34/mo cash flow. Total monthly income runs $2,007/mo, and annual cash flow reaches $410/yr on $99,417 cash to close. Return on cash invested measures 20.32% in year one, and rental yield registers 8.03% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 105.6% and total cumulative return in cash totals $104,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,007/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
1.44 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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