237 Lockville RdPickeringtonOH43147
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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 237 Lockville Rd, Pickerington, OH, 43147 uses $82,875 cash to close to unlock $10,353/yr annual cash flow and $863/mo monthly cash flow. Total monthly income runs $2,637/mo, and a $1,224/mo payment keeps the spread at $863/mo. Purchase price stands at $250,000, and rental yield measures 12.66% with $2,637/mo rent. Return on cash invested shows 32.4% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 171.03% and total cumulative return in cash records $141,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,637/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.41 Acres 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: Jaysen E Barlow • Sell For One Percent
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225022387
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.