23004 Chandler Olmsted, olmsted, OH, 44138 | $187/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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23004 Chandler Olmsted, olmsted, OH, 44138 | $187/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in olmsted at 23004 Chandler Olmsted, olmsted, OH, 44138 earns $187/mo cash flow from $1,273/mo rent with a $808/mo payment. Total monthly income totals $1,273/mo, and annual cash flow totals $2,247/yr on $54,698 capital. ROI tracks 24.02% on current figures, and rental yield reads 9.26% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 125.47% and total cumulative return in cash sums $68,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,273/mo property income instead of your personal income.

Condo

Built in 2005

39.20 sqft lot

$N/A/sqft

No HOA

More details about the property

This lovely second floor, end-unit in one of Olmsted Falls' sought after condo complexes is definitely one to look at! This unit has a unique layout with the laundry and a hallway at the entry way and the steps are right next door with parking just outside! There are two large baths, one attached to the spacious master bedroom which has a large walk-in closet and the other with double doors where guests could use, but could also be closed off for private use to the second bedroom. This unit is nice and bright and offers an open concept amongst the living room, dining area and kitchen where there are plenty of cabinets and counterspace. There is a gas fireplace in the living room and sliders that lead to an outside balcony to relax while looking at the green space. A private garage space comes with the unit and is near to the rear entrance of the building. With elevators in the secured building, an in-suite laundry, a storage locker near the unit and plenty of space, this is a wonderful place for a first time home-buyer, someone looking to downsize or just maintenance-free living.

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