16750 Knolls WayChagrin FallsOH44023
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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 Chagrin Falls at 16750 Knolls Way, Chagrin Falls, OH, 44023 generates $3,060/mo in rent, after a $3,470/mo payment. Total monthly income is $3,060/mo. Return on cash invested sits at 10.14% in year one, and rental yield is 5.18% on a $709,000 entry. Equity gained on principal adds $4,575/yr, while 5% annual appreciation builds toward $195,884 over five years. Five-year ROI reaches 51.54% and total cumulative return in cash sums $120,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,060/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44023, Chagrin Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,487 (100%) |
| Owner Occupied HU | 6,520 (87.1%) |
| Renter Occupied HU | 566 ( 7.6%) |
| Vacant Housing Units | 401 ( 5.4%) |
| Median Home Value | $435,061 |
| Average Home Value | $482,239 |
Housing Distribution
Address Breakdown
Residential
7,315
Single Family
7,071
Multi-Family
244
Businesses
597
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Listed by: Patricia Modica • Howard Hanna
Mls Name: MLS Now
Mls ID: #5061430