361 Chestnut DrBereaOH44017
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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 Berea at 361 Chestnut Dr, Berea, OH, 44017 uses $64,609 cash to close to unlock $2,195/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $954/mo payment keeps the spread at $183/mo. Purchase price stands at $194,900, and rental yield measures 9.02% with $1,465/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 121.55% and total cumulative return in cash records $78,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1963
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44017, Berea, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 5,471 (67.5%) |
| Renter Occupied HU | 2,163 (26.7%) |
| Vacant Housing Units | 477 ( 5.9%) |
| Median Home Value | $220,750 |
| Average Home Value | $260,679 |
Housing Distribution
Address Breakdown
Residential
8,061
Single Family
6,706
Multi-Family
1,355
Businesses
685
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