1948 Farmbrook Cir S #7Grove 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 1948 Farmbrook Cir S #7, Grove City, OH, 43123 listed at $254,998 pairs $1,951/mo rent with a $1,248/mo payment to leave $274/mo cash flow. Total monthly income runs $1,951/mo, and annual cash flow reaches $3,285/yr on $84,532 cash to close. Return on cash invested measures 23.8% in year one, and rental yield registers 9.18% at a $254,998 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,451 by year five. Five-year ROI tracks 124.19% and total cumulative return in cash totals $104,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,951/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
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: Holly K Blanken • Heart & Home Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225039856