8575 E Craig DrChagrin FallsOH44023
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 Chagrin Falls at 8575 E Craig Dr, Chagrin Falls, OH, 44023 listed at $343,900 pairs $3,060/mo rent with a $1,683/mo payment to leave $798/mo cash flow. Total monthly income runs $3,060/mo, and annual cash flow reaches $9,577/yr on $114,003 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 10.68% at a $343,900 basis. Equity gained on principal adds $2,219/yr, and annual property appreciation at 5% supports $95,013 by year five. Five-year ROI tracks 148.43% and total cumulative return in cash totals $169,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,060/mo property income relative to a $1,683/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
1.71 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslee T Salhany • Berkshire Hathaway HomeServices Simon & Salhany Realty
Mls Name: MLS Now
Mls ID: #5173705