12108 Lavender DrPlain CityOH43064
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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 Plain City at 12108 Lavender Dr, Plain City, OH, 43064 uses $207,237 cash to close to unlock $296/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $4,168/mo, and a $3,083/mo payment keeps the spread at $25/mo. Purchase price stands at $629,900, and rental yield measures 7.94% with $4,168/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 104.9% and total cumulative return in cash records $217,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,168/mo property income covering a $3,083/mo payment rather than investor’s personal income.
Single Family
Built in 2022
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43064, Plain City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,188 (100%) |
| Owner Occupied HU | 6,135 (74.9%) |
| Renter Occupied HU | 1,502 (18.3%) |
| Vacant Housing Units | 551 ( 6.7%) |
| Median Home Value | $425,227 |
| Average Home Value | $487,481 |
Housing Distribution
Address Breakdown
Residential
7,927
Single Family
7,784
Multi-Family
143
Businesses
600
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Listed by: Cory L Kirkland • Redfin Corporation
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226002134