2283 Chatfield DrCleveland HeightsOH44106
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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 Cleveland Heights at 2283 Chatfield Dr, Cleveland Heights, OH, 44106 listed at $576,000 pairs $4,546/mo rent with a $2,819/mo payment to leave $530/mo cash flow. Total monthly income runs $4,546/mo, and annual cash flow reaches $6,359/yr on $189,504 cash to close. Return on cash invested measures 23.42% in year one, and rental yield registers 9.47% at a $576,000 basis. Equity gained on principal adds $3,717/yr, and annual property appreciation at 5% supports $159,138 by year five. Five-year ROI tracks 122.64% and total cumulative return in cash totals $232,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,546/mo property income relative to a $2,819/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44106, Cleveland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,321 (100%) |
| Owner Occupied HU | 3,121 (20.4%) |
| Renter Occupied HU | 9,696 (63.3%) |
| Vacant Housing Units | 2,504 (16.3%) |
| Median Home Value | $320,662 |
| Average Home Value | $380,303 |
Housing Distribution
Address Breakdown
Residential
13,775
Single Family
5,649
Multi-Family
8,126
Businesses
628
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Listed by: Chris Jurcisin • Howard Hanna
Mls Name: MLS Now
Mls ID: #5138964