118 Burlington Oval DrChardonOH44024
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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 Chardon at 118 Burlington Oval Dr, Chardon, OH, 44024 priced at $235,900 converts $2,314/mo rent into $476/mo cash flow after a $1,155/mo obligation. Total monthly income equals $2,314/mo, and annual cash flow totals $5,711/yr on $78,201 invested. Return on cash invested prints 27.21% in year one, and rental yield reads 11.77% against a $235,900 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation compiles into $65,175 by year five. Five-year ROI reaches 144.1% and total cumulative return in cash sums $112,691. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,314/mo property income covering a $1,155/mo payment, not borrower’s personal income.
Condo
Built in 1986
7,840 sqft lot
$N/A/sqft
$286 monthly 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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