421 2nd AveChesapeakeOH45619
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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 Chesapeake at 421 2nd Ave, Chesapeake, OH, 45619 earns $188/mo cash flow from $1,365/mo rent with a $876/mo payment. Total monthly income totals $1,365/mo, and annual cash flow totals $2,252/yr on $59,339 capital. ROI tracks 23.7% on current figures, and rental yield reads 9.15% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 123.71% and total cumulative return in cash sums $73,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,365/mo property income instead of your personal income.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45619, Chesapeake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,322 (100%) |
| Owner Occupied HU | 2,187 (65.8%) |
| Renter Occupied HU | 725 (21.8%) |
| Vacant Housing Units | 410 (12.3%) |
| Median Home Value | $161,464 |
| Average Home Value | $184,625 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,330
Multi-Family
39
Businesses
191
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Listed by: Susan Lester • Bunch Real Estate Associates
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #182266
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.