24 Messmore AveCenterburgOH43011
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 Centerburg at 24 Messmore Ave, Centerburg, OH, 43011 offers $1,349/mo rent that, after a $857/mo payment, leaves $197/mo cash flow. Total monthly income is $1,349/mo, and annual cash flow is $2,369/yr on $58,013 cash. Return on cash invested measures 23.99% in year one, and rental yield stands at 9.25% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 125.3% and total cumulative return in cash reaches $72,691. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,349/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43011, Centerburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,952 (100%) |
| Owner Occupied HU | 2,380 (80.6%) |
| Renter Occupied HU | 434 (14.7%) |
| Vacant Housing Units | 138 ( 4.7%) |
| Median Home Value | $298,761 |
| Average Home Value | $370,273 |
Housing Distribution
Address Breakdown
Residential
2,650
Single Family
2,630
Multi-Family
20
Businesses
134
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Listed by: Jennifer L Wernert • Advocate Real Estate, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225029093