1493 Billingham DrGrove CityOH43123
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 Grove City at 1493 Billingham Dr, Grove City, OH, 43123 offers a 8.48% rental yield on a $337,085 purchase with $2,382/mo rent. Total monthly income registers $2,382/mo, and a $1,650/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,975/yr on $111,744 to close, and return on cash invested stands at 21.68% in year one. Equity gained on principal adds $2,175/yr while 5% annual appreciation supports $93,130 over five years. Portfolio math shows five-year ROI at 112.84% and total cumulative return in cash at $126,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,382/mo property income against a $1,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43123, Grove City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,156 (100%) |
| Owner Occupied HU | 19,582 (69.5%) |
| Renter Occupied HU | 7,451 (26.5%) |
| Vacant Housing Units | 1,123 ( 4.0%) |
| Median Home Value | $326,288 |
| Average Home Value | $347,272 |
Housing Distribution
Address Breakdown
Residential
28,592
Single Family
27,340
Multi-Family
1,252
Businesses
1,528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Dunn • Maronda Homes
Mls Name: Maronda Homes
Mls Provider:
Mls ID: #N/A