7824 E Washington StChagrin FallsOH44023
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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 Chagrin Falls at 7824 E Washington St, Chagrin Falls, OH, 44023 priced at $1,475,000 converts $4,200/mo rent into after a $7,219/mo obligation. Total monthly income equals $4,200/mo. Return on cash invested prints 6.55% in year one, and rental yield reads 3.42% against a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation compiles into $407,515 by year five. Five-year ROI reaches 31.66% and total cumulative return in cash sums $151,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $7,219/mo payment, not borrower’s personal income.
Single Family
Built in 2019
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44023, Chagrin Falls, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,487 (100%) |
| Owner Occupied HU | 6,520 (87.1%) |
| Renter Occupied HU | 566 ( 7.6%) |
| Vacant Housing Units | 401 ( 5.4%) |
| Median Home Value | $435,061 |
| Average Home Value | $482,239 |
Housing Distribution
Address Breakdown
Residential
7,315
Single Family
7,071
Multi-Family
244
Businesses
597
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Listed by: Michelle S McQuade • Howard Hanna
Mls Name: MLS Now
Mls ID: #5112041