13045 Forrest Rd NEThornvilleOH43076
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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 Thornville at 13045 Forrest Rd NE, Thornville, OH, 43076 uses $109,362 cash to close to unlock $6,572/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,718/mo, and a $1,615/mo payment keeps the spread at $548/mo. Purchase price stands at $329,900, and rental yield measures 9.89% with $2,718/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 135.58% and total cumulative return in cash records $148,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,718/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43076, Thornville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,305 (100%) |
| Owner Occupied HU | 3,244 (75.4%) |
| Renter Occupied HU | 560 (13.0%) |
| Vacant Housing Units | 501 (11.6%) |
| Median Home Value | $348,080 |
| Average Home Value | $380,263 |
Housing Distribution
Address Breakdown
Residential
3,873
Single Family
3,873
Multi-Family
0
Businesses
153
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Listed by: Lily Nicole Taylor • Century 21 Excellence Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224007934
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.