8489 Lake Shore DrChagrin 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 8489 Lake Shore Dr, Chagrin Falls, OH, 44023 offers $4,200/mo rent that, after a $5,849/mo payment. Total monthly income is $4,200/mo. Return on cash invested measures 8.48% in year one, and rental yield stands at 4.22% at a $1,195,000 entry. Equity gained on principal adds $7,711/yr while 5% annual appreciation compounds into $330,156 by year five. Five-year ROI records 42.18% and total cumulative return in cash reaches $163,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,200/mo property income versus a $5,849/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1.10 Acres lot
$N/A/sqft
$2,114 annually 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: Adam S Kaufman • Howard Hanna
Mls Name: MLS Now
Mls ID: #5073051