13 Spring Lake CtDelawareOH43015
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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 Delaware at 13 Spring Lake Ct, Delaware, OH, 43015 earns $1,737/mo cash flow from $2,394/mo rent with a $489/mo payment. Total monthly income totals $2,394/mo, and annual cash flow totals $20,840/yr on $33,150 capital. ROI tracks 82.77% on current figures, and rental yield reads 28.73% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 440.52% and total cumulative return in cash sums $146,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,394/mo property income instead of your personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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Listed by: Rebecca Phillips • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224018540
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.