10159 Lake Rd NEMillersportOH43046
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 Millersport at 10159 Lake Rd NE, Millersport, OH, 43046 uses $115,992 cash to close to unlock $8,376/yr annual cash flow and $698/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,713/mo payment keeps the spread at $698/mo. Purchase price stands at $349,900, and rental yield measures 10.29% with $3,000/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 142.07% and total cumulative return in cash records $164,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43046, Millersport, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,061 (62.1%) |
| Renter Occupied HU | 311 (18.2%) |
| Vacant Housing Units | 336 (19.7%) |
| Median Home Value | $377,448 |
| Average Home Value | $429,630 |
Housing Distribution
Address Breakdown
Residential
1,324
Single Family
1,324
Multi-Family
0
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian M Bauer • Bauer Realty & Auctions
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225045375