1761 Chartley RdGates MillsOH44040
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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 Gates Mills at 1761 Chartley Rd, Gates Mills, OH, 44040 offers a 0% rental yield on a $999,000 purchase with $0/mo rent. 93% in year one. Equity gained on principal adds $6,446/yr while 5% annual appreciation supports $276,005 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $4,890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44040, Gates Mills, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,252 (100%) |
| Owner Occupied HU | 1,079 (86.2%) |
| Renter Occupied HU | 81 ( 6.5%) |
| Vacant Housing Units | 92 ( 7.3%) |
| Median Home Value | $508,304 |
| Average Home Value | $650,380 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,231
Multi-Family
0
Businesses
111
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No similar rental properties found nearby.
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Listed by: David C Malone • Howard Hanna
Mls Name: MLS Now
Mls ID: #5155259