Ballenger Plan, Maple TraceChardonOH44024
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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 Chardon at Ballenger Plan, Maple Trace, Chardon, OH, 44024 with 5% annual appreciation on a $384,990 basis while $3,224/mo rent supports operations. Total monthly income totals $3,224/mo and a $1,884/mo payment preserves $692/mo for cash returns. Annual cash flow comes to $8,303/yr on $127,624 deployed, and return on cash invested reaches 26.42% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,366 alongside rental yield of 10.05%. Five-year ROI measures 138.24% and total cumulative return in cash totals $176,431.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,224/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44024, Chardon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,862 (100%) |
| Owner Occupied HU | 7,978 (80.9%) |
| Renter Occupied HU | 1,370 (13.9%) |
| Vacant Housing Units | 514 ( 5.2%) |
| Median Home Value | $346,742 |
| Average Home Value | $348,300 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,322
Multi-Family
411
Businesses
931
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