204 Tanglewood TrlChippewa LakeOH44215
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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 Chippewa Lake at 204 Tanglewood Trl, Chippewa Lake, OH, 44215 priced at $319,900 pairs $2,607/mo rent with $503/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,607/mo, and annual cash flow comes to $6,030/yr on $106,047 invested. Return on cash invested is 25.6% in year one, and rental yield stands at 9.78% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 133.86% and total cumulative return in cash reaches $141,956. For financing, Ziffy Mortgage’s DSCR program evaluates $2,607/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44215, Chippewa Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,131 (100%) |
| Owner Occupied HU | 807 (71.4%) |
| Renter Occupied HU | 155 (13.7%) |
| Vacant Housing Units | 169 (14.9%) |
| Median Home Value | $274,593 |
| Average Home Value | $323,779 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
51
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Listed by: Jamie D Powers • Howard Hanna
Mls Name: MLS Now
Mls ID: #5111071