12802 Chapin RdBerlin HeightsOH44814
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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 Berlin Heights at 12802 Chapin Rd, Berlin Heights, OH, 44814 uses $89,472 cash to close to unlock $8,660/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $2,497/mo, and a $1,321/mo payment keeps the spread at $722/mo. Purchase price stands at $269,900, and rental yield measures 11.1% with $2,497/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 155.25% and total cumulative return in cash records $138,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,497/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1932
3.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44814, Berlin Heights, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,148 (100%) |
| Owner Occupied HU | 943 (82.1%) |
| Renter Occupied HU | 123 (10.7%) |
| Vacant Housing Units | 82 ( 7.1%) |
| Median Home Value | $280,019 |
| Average Home Value | $285,164 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
1,063
Multi-Family
0
Businesses
50
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Listed by: Margie A. Bowers • Simply Better Realty, LLC
Mls Name: Firelands MLS
Mls ID: #20243356
Disclaimer: Listing information is deemed reliable, but not guaranteed.