22 Platinum DrChesapeakeOH45619
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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 Chesapeake at 22 Platinum Dr, Chesapeake, OH, 45619 generates $1,878/mo in rent and, after a $1,124/mo payment, leaves $367/mo in cash flow. Total monthly income is $1,878/mo, and annual cash flow is $4,408/yr on $76,146 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.81% on a $229,700 entry. Equity gained on principal adds $1,482/yr, while 5% annual appreciation builds toward $63,462 over five years. Five-year ROI reaches 134.44% and total cumulative return in cash sums $102,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,878/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45619, Chesapeake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,322 (100%) |
| Owner Occupied HU | 2,187 (65.8%) |
| Renter Occupied HU | 725 (21.8%) |
| Vacant Housing Units | 410 (12.3%) |
| Median Home Value | $161,464 |
| Average Home Value | $184,625 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,330
Multi-Family
39
Businesses
191
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