288 Miles RdChagrin FallsOH44022
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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 Chagrin Falls at 288 Miles Rd, Chagrin Falls, OH, 44022 earns $633/mo cash flow from $2,994/mo rent with a $1,757/mo payment. Total monthly income totals $2,994/mo, and annual cash flow totals $7,592/yr on $119,009 capital. ROI tracks 26.29% on current figures, and rental yield reads 10.01% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 137.57% and total cumulative return in cash sums $163,723. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,994/mo property income instead of your personal income.
Single Family
Built in 1924
9,021 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44022, Chagrin Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 5,959 (81.5%) |
| Renter Occupied HU | 812 (11.1%) |
| Vacant Housing Units | 537 ( 7.3%) |
| Median Home Value | $451,171 |
| Average Home Value | $555,710 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,785
Multi-Family
524
Businesses
658
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Listed by: Virginia Lindsay • Keller Williams Citywide
Mls Name: MLS Now
Mls ID: #5169719