308 N Hambden StChardonOH44024
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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 Chardon at 308 N Hambden St, Chardon, OH, 44024 uses $87,848 cash to close to unlock $995/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $1,297/mo payment keeps the spread at $83/mo. Purchase price stands at $265,000, and rental yield measures 8.27% with $1,826/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 109.42% and total cumulative return in cash records $96,123. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.36 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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