301 W Barrington DrChardonOH44024
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 Chardon at 301 W Barrington Dr, Chardon, OH, 44024 offers a 9.54% rental yield on a $239,600 purchase with $1,904/mo rent. Total monthly income registers $1,904/mo, and a $1,173/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $656/yr on $79,427 to close, and return on cash invested stands at 20.74% in year one. Equity gained on principal adds $1,546/yr while 5% annual appreciation supports $66,197 over five years. Portfolio math shows five-year ROI at 109.3% and total cumulative return in cash at $86,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,904/mo property income against a $1,173/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
1,777 sqft lot
$N/A/sqft
$273 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices