1230 Carrousel Dr EReynoldsburgOH43068
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 Reynoldsburg at 1230 Carrousel Dr E, Reynoldsburg, OH, 43068 uses $89,505 cash to close to unlock $6,762/yr annual cash flow and $564/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,322/mo payment keeps the spread at $564/mo. Purchase price stands at $269,999, and rental yield measures 10.4% with $2,340/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 143.89% and total cumulative return in cash records $128,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43068, Reynoldsburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,379 (100%) |
| Owner Occupied HU | 13,666 (56.1%) |
| Renter Occupied HU | 9,702 (39.8%) |
| Vacant Housing Units | 1,011 ( 4.1%) |
| Median Home Value | $265,375 |
| Average Home Value | $282,121 |
Housing Distribution
Address Breakdown
Residential
23,572
Single Family
22,103
Multi-Family
1,469
Businesses
1,400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norman E Shivener • Gene Shivener & Co.
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226001570