304 Redfern RdChippewa lakeOH44215
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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 Chippewa lake at 304 Redfern Rd, Chippewa lake, OH, 44215 with 5% annual appreciation on a $229,900 basis while $1,592/mo rent supports operations. Total monthly income totals $1,592/mo and a $1,125/mo payment preserves $80/mo for cash returns. Annual cash flow comes to $960/yr on $76,212 deployed, and return on cash invested reaches 21.17% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.31%. Five-year ROI measures 110.09% and total cumulative return in cash totals $83,903.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,592/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
51
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Listed by: Janet A Gommel • Howard Hanna
Mls Name: MLS Now
Mls ID: #5155432