236 S Hambden StChardonOH44024
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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 Chardon at 236 S Hambden St, Chardon, OH, 44024 priced at $239,000 converts $1,979/mo rent into $407/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,979/mo, and annual cash flow totals $4,880/yr on $79,229 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 9.94% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 136.39% and total cumulative return in cash sums $108,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,979/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1830
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44024, Chardon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,862 (100%) |
| Owner Occupied HU | 7,978 (80.9%) |
| Renter Occupied HU | 1,370 (13.9%) |
| Vacant Housing Units | 514 ( 5.2%) |
| Median Home Value | $346,742 |
| Average Home Value | $348,300 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,322
Multi-Family
411
Businesses
931
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