5699 Eastlake RdChippewa LakeOH44215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chippewa Lake at 5699 Eastlake Rd, Chippewa Lake, OH, 44215 offers a 8.42% rental yield on a $220,000 purchase with $1,544/mo rent. Total monthly income registers $1,544/mo, and a $1,077/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,160/yr on $72,930 to close, and return on cash invested stands at 21.5% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 111.9% and total cumulative return in cash at $81,611. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,544/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44215, Chippewa Lake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,131 (100%) |
| Owner Occupied HU | 807 (71.4%) |
| Renter Occupied HU | 155 (13.7%) |
| Vacant Housing Units | 169 (14.9%) |
| Median Home Value | $274,593 |
| Average Home Value | $323,779 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor Yagudaev • Keller Williams Greater Cleveland Northeast
Mls Name: MLS Now
Mls ID: #5178780