12487 Harold DrChesterlandOH44026
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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 Chesterland at 12487 Harold Dr, Chesterland, OH, 44026 generates $3,000/mo in rent and, after a $1,610/mo payment, leaves $836/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $10,034/yr on $109,064 invested. Return on cash invested sits at 29.11% in year one, and rental yield is 10.94% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 152.73% and total cumulative return in cash sums $166,569. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44026, Chesterland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 4,081 (88.9%) |
| Renter Occupied HU | 315 ( 6.9%) |
| Vacant Housing Units | 197 ( 4.3%) |
| Median Home Value | $339,993 |
| Average Home Value | $350,311 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,396
Multi-Family
0
Businesses
499
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Listed by: Arthur M Volpe • Howard Hanna
Mls Name: MLS Now
Mls ID: #5170677