199 E College AveWestervilleOH43081
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
Rental property for sale in Westerville at 199 E College Ave, Westerville, OH, 43081 offers $2,712/mo rent that, after a $2,190/mo payment. Total monthly income is $2,712/mo. Return on cash invested measures 18.04% in year one, and rental yield stands at 7.27% at a $447,500 entry. Equity gained on principal adds $2,888/yr while 5% annual appreciation compounds into $123,636 by year five. Five-year ROI records 93.32% and total cumulative return in cash reaches $138,433. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,712/mo property income versus a $2,190/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43081, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,305 (100%) |
| Owner Occupied HU | 16,644 (56.8%) |
| Renter Occupied HU | 11,105 (37.9%) |
| Vacant Housing Units | 1,556 ( 5.3%) |
| Median Home Value | $338,562 |
| Average Home Value | $364,562 |
Housing Distribution
Address Breakdown
Residential
30,160
Single Family
28,600
Multi-Family
1,560
Businesses
1,422
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Listed by: Donna M Travis • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225034172