17383 Snyder RdChagrin 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
Investment property for sale in Chagrin Falls at 17383 Snyder Rd, Chagrin Falls, OH, 44023 uses $94,478 cash to close to unlock $1,071/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,964/mo, and a $1,395/mo payment keeps the spread at $89/mo. Purchase price stands at $285,000, and rental yield measures 8.27% with $1,964/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 109.48% and total cumulative return in cash records $103,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,964/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.50 Acres lot
$N/A/sqft
No 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: Heather Spirko • RE/MAX Haven Realty
Mls Name: MLS Now
Mls ID: #5145026