297 Chestnut StPainesvilleOH44077
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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 Painesville at 297 Chestnut St, Painesville, OH, 44077 earns $596/mo cash flow from $1,516/mo rent with a $685/mo payment. Total monthly income totals $1,516/mo, and annual cash flow totals $7,146/yr on $46,377 capital. ROI tracks 35.32% on current figures, and rental yield reads 13% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 186.05% and total cumulative return in cash sums $86,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,516/mo property income instead of your personal income.
Single Family
Built in 1944
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44077, Painesville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,374 (100%) |
| Owner Occupied HU | 17,667 (69.6%) |
| Renter Occupied HU | 6,312 (24.9%) |
| Vacant Housing Units | 1,395 ( 5.5%) |
| Median Home Value | $257,846 |
| Average Home Value | $298,922 |
Housing Distribution
Address Breakdown
Residential
24,650
Single Family
23,364
Multi-Family
1,286
Businesses
1,304
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Listed by: Patrick R Riley • Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Mls Name: MLS Now
Mls ID: #5136800