265 Rustic Rook Rd, Chippewa Lake, OH, 44215 | $188/mo Cash Flow

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 Chippewa Lake at 265 Rustic Rook Rd, Chippewa Lake, OH, 44215 offers a 9.08% rental yield on a $189,900 purchase with $1,437/mo rent. Total monthly income registers $1,437/mo, and a $929/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,260/yr on $62,952 to close, and return on cash invested stands at 23.5% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 122.63% and total cumulative return in cash at $77,201. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,437/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

4,399 sqft lot

$N/A/sqft

No HOA

More details about the property

Heres your chance to own your very own lake house! Welcome to Chippewa Lake, the largest natural inland lake in Ohio. This home has been lovingly cared for by the same owner since 2005 and has just undergone a top-to-bottom renovation, not a quick flip, but a thoughtful refresh designed to give the new owner true peace of mind. Recently tenant-occupied, its now ready for you to simply move in and start enjoying the lake lifestyle. Upgrades include an energy-efficient ductless mini-split system for heating and cooling, plus a new roof, siding, windows, flooring, drywall, cabinetry, plumbing, lighting, and electrical. Even new landscaping! Inside, the living room opens to an eat-in kitchen with all-new appliances. The updated full bath features beautiful glass doors on the tub. The owners bedroom offers a vaulted ceiling, while the second bedroom , with two closets, now includes a sliding glass door to the private, fenced backyard and convenient laundry hook-up in one closet. Outside, youll find a one-car garage, perfect for storing your golf cart or lake toys. All of this is just steps from boating, kayaking, fishing, parks, and vibrant community events in one of Ohios most charming lakefront neighborhoods. Call today to schedule a showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44215, Chippewa Lake, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,131 (100%)
Owner Occupied HU	807 (71.4%)
Renter Occupied HU	155 (13.7%)
Vacant Housing Units	169 (14.9%)
Median Home Value	$274,593
Average Home Value	$323,779