Vacant Land Heath RdChesterlandOH44026
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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
Total monthly income runs $3,000/mo, and a $3,131/mo payment. Purchase price stands at $639,610, and rental yield measures 5.63% with $3,000/mo rent. Return on cash invested shows 13.17% in year one, and 5% annual appreciation builds toward $176,712 over five years. Five-year ROI reaches 67.22% and total cumulative return in cash records $141,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $3,131/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.50 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: Linda E Ebersbacher • Howard Hanna
Mls Name: MLS Now
Mls ID: #5116354