121-123 Raine StPickeringtonOH43147
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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 Pickerington at 121-123 Raine St, Pickerington, OH, 43147 offers a 10.37% rental yield on a $200,000 purchase with $1,728/mo rent. Total monthly income registers $1,728/mo, and a $979/mo payment leaves $412/mo available for distribution. Annual cash flow reaches $4,948/yr on $66,300 to close, and return on cash invested stands at 27.37% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 143.41% and total cumulative return in cash at $95,084. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,728/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1969
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43147, Pickerington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,003 (100%) |
| Owner Occupied HU | 13,675 (80.4%) |
| Renter Occupied HU | 2,648 (15.6%) |
| Vacant Housing Units | 680 ( 4.0%) |
| Median Home Value | $352,171 |
| Average Home Value | $375,476 |
Housing Distribution
Address Breakdown
Residential
17,230
Single Family
16,640
Multi-Family
590
Businesses
883
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Listed by: Charles Boggs • NAI Ohio Equities, Realtors
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225028833