4366 State Route 7ChesapeakeOH45619
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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 Chesapeake at 4366 State Route 7, Chesapeake, OH, 45619 generates $2,099/mo in rent and, after a $1,517/mo payment, leaves $60/mo in cash flow. Total monthly income is $2,099/mo, and annual cash flow is $722/yr on $102,765 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 8.13% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 107.16% and total cumulative return in cash sums $110,119. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,099/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.50 Acres 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: Chris Gillispie • Old Colony Realtors Huntington
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #181348
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.