230 Lorraine BlvdPickeringtonOH43147
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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 Pickerington at 230 Lorraine Blvd, Pickerington, OH, 43147 earns $303/mo cash flow from $2,480/mo rent with a $1,620/mo payment. Total monthly income totals $2,480/mo, and annual cash flow totals $3,634/yr on $109,727 capital. ROI tracks 23.22% on current figures, and rental yield reads 8.99% at a $331,000 purchase. Equity gained on principal adds $2,136/yr, and 5% annual appreciation supports $91,449 over five years. Five-year ROI reaches 121.12% and total cumulative return in cash sums $132,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,480/mo property income instead of your personal income.
Single Family
Built in 1986
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43147, Pickerington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,003 (100%) |
| Owner Occupied HU | 13,675 (80.4%) |
| Renter Occupied HU | 2,648 (15.6%) |
| Vacant Housing Units | 680 ( 4.0%) |
| Median Home Value | $352,171 |
| Average Home Value | $375,476 |
Housing Distribution
Address Breakdown
Residential
17,230
Single Family
16,640
Multi-Family
590
Businesses
883
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Listed by: Daniel J Beirne • Opendoor Brokerage LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224025033
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.