23002 Chandlers Ln APT 223Olmsted FallsOH44138
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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 Olmsted Falls at 23002 Chandlers Ln APT 223, Olmsted Falls, OH, 44138 offers a 7.91% rental yield on a $200,000 purchase with $1,319/mo rent. Total monthly income registers $1,319/mo, and a $979/mo payment leaves $3/mo available for distribution. Annual cash flow reaches $40/yr on $66,300 to close, and return on cash invested stands at 19.97% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 103.72% and total cumulative return in cash at $68,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,319/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44138, Olmsted Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,137 (100%) |
| Owner Occupied HU | 7,629 (75.3%) |
| Renter Occupied HU | 2,036 (20.1%) |
| Vacant Housing Units | 472 ( 4.7%) |
| Median Home Value | $274,659 |
| Average Home Value | $287,334 |
Housing Distribution
Address Breakdown
Residential
10,176
Single Family
8,739
Multi-Family
1,437
Businesses
305
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Listed by: Anthony R Latina • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5182568