3002 County Road 31ChesapeakeOH45619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chesapeake at 3002 County Road 31, Chesapeake, OH, 45619 uses $59,670 cash to close to unlock $4,512/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $881/mo payment keeps the spread at $376/mo. Purchase price stands at $180,000, and rental yield measures 10.4% with $1,560/mo rent. Return on cash invested shows 27.47% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 143.9% and total cumulative return in cash records $85,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45619, Chesapeake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,322 (100%) |
| Owner Occupied HU | 2,187 (65.8%) |
| Renter Occupied HU | 725 (21.8%) |
| Vacant Housing Units | 410 (12.3%) |
| Median Home Value | $161,464 |
| Average Home Value | $184,625 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,330
Multi-Family
39
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andy Bowen • Realty Exchange Commercial / Residential Brokerage
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #180073
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.