1047 Oak Bay DrGallowayOH43119
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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 Galloway at 1047 Oak Bay Dr, Galloway, OH, 43119 offers a 10.57% rental yield on a $249,000 purchase with $2,194/mo rent. Total monthly income registers $2,194/mo, and a $1,219/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,890/yr on $82,544 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 123.8% and total cumulative return in cash at $102,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
1,742 sqft lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43119, Galloway, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,906 (100%) |
| Owner Occupied HU | 8,065 (67.7%) |
| Renter Occupied HU | 3,539 (29.7%) |
| Vacant Housing Units | 302 ( 2.5%) |
| Median Home Value | $275,062 |
| Average Home Value | $310,180 |
Housing Distribution
Address Breakdown
Residential
11,447
Single Family
11,255
Multi-Family
192
Businesses
244
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Listed by: Sue A Van Woerkom • Keller Williams Capital Ptnrs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225033225
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