1259 Somerset WayPickeringtonOH43147
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 Pickerington at 1259 Somerset Way, Pickerington, OH, 43147 uses $79,229 cash to close to unlock $1,184/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,671/mo, and a $1,170/mo payment keeps the spread at $99/mo. Purchase price stands at $239,000, and rental yield measures 8.39% with $1,671/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash records $88,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,671/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1989
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shanna Rothe • Key Realty
Mls Name: Scioto Valley AOR
Mls ID: #198787