Mercer Plan, Chagrin Mill FarmWilloughbyOH44094
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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 Willoughby at Mercer Plan, Chagrin Mill Farm, Willoughby, OH, 44094 priced at $412,990 pairs $4,696/mo rent with $1,980/mo cash flow after a $2,021/mo payment. Total monthly income equals $4,696/mo, and annual cash flow comes to $23,758/yr on $136,906 invested. Return on cash invested is 37.26% in year one, and rental yield stands at 13.64% on a $412,990 basis. Equity gained on principal adds $2,665/yr, and 5% annual appreciation accumulates to $114,102 by year five. Five-year ROI measures 196.4% and total cumulative return in cash reaches $268,886. For financing, Ziffy Mortgage’s DSCR program evaluates $4,696/mo property income against a $2,021/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44094, Willoughby, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,698 (100%) |
| Owner Occupied HU | 11,544 (61.7%) |
| Renter Occupied HU | 6,230 (33.3%) |
| Vacant Housing Units | 924 ( 4.9%) |
| Median Home Value | $298,381 |
| Average Home Value | $345,961 |
Housing Distribution
Address Breakdown
Residential
17,916
Single Family
13,373
Multi-Family
4,543
Businesses
1,508
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A