1603 Hampton WayGrove CityOH43123
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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 Grove City at 1603 Hampton Way, Grove City, OH, 43123 uses $92,820 cash to close to unlock $4,148/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $2,187/mo, and a $1,370/mo payment keeps the spread at $346/mo. Purchase price stands at $280,000, and rental yield measures 9.37% with $2,187/mo rent. Return on cash invested shows 24.38% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 127.34% and total cumulative return in cash records $118,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,187/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,306 sqft 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
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Listed by: Deanna M Stevens • Key Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225024456