305 Irma DrChardonOH44024
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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
Rental property for sale in Chardon at 305 Irma Dr, Chardon, OH, 44024 priced at $208,000 pairs $2,334/mo rent with $966/mo cash flow after a $1,018/mo payment. Total monthly income equals $2,334/mo, and annual cash flow comes to $11,590/yr on $68,952 invested. Return on cash invested is 36.72% in year one, and rental yield stands at 13.47% on a $208,000 basis. Equity gained on principal adds $1,342/yr, and 5% annual appreciation accumulates to $57,467 by year five. Five-year ROI measures 193.49% and total cumulative return in cash reaches $133,416. For financing, Ziffy Mortgage’s DSCR program evaluates $2,334/mo property income against a $1,018/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.26 Acres lot
$N/A/sqft
No 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
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