8265 Merrie LnChesterlandOH44026
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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 Chesterland at 8265 Merrie Ln, Chesterland, OH, 44026 offers a 10.85% rental yield on a $265,000 purchase with $2,396/mo rent. Total monthly income registers $2,396/mo, and a $1,297/mo payment leaves $650/mo available for distribution. Annual cash flow reaches $7,800/yr on $87,848 to close, and return on cash invested stands at 28.79% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 151.03% and total cumulative return in cash at $132,675. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,396/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44026, Chesterland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 4,081 (88.9%) |
| Renter Occupied HU | 315 ( 6.9%) |
| Vacant Housing Units | 197 ( 4.3%) |
| Median Home Value | $339,993 |
| Average Home Value | $350,311 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,396
Multi-Family
0
Businesses
499
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Listed by: Richard J Piraino • Howard Hanna
Mls Name: MLS Now
Mls ID: #5124109