206 Summit RdThornvilleOH43076
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 Thornville at 206 Summit Rd, Thornville, OH, 43076 offers $1,403/mo rent that, after a $1,027/mo payment, leaves $23/mo cash flow. Total monthly income is $1,403/mo, and annual cash flow is $272/yr on $69,582 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 8.02% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 105.47% and total cumulative return in cash reaches $73,388. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,403/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
10,454 sqft 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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Nearby investment properties with comparable prices
Listed by: Katie Richards • Keller Williams Greater Cols
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226000568