247 Garfield AveLondonOH43140
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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 London at 247 Garfield Ave, London, OH, 43140 offers a 10.6% rental yield on a $275,000 purchase with $2,429/mo rent. Total monthly income registers $2,429/mo, and a $1,346/mo payment leaves $620/mo available for distribution. Annual cash flow reaches $7,441/yr on $91,163 to close, and return on cash invested stands at 28.07% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 147.16% and total cumulative return in cash at $134,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,429/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43140, London, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,429 (100%) |
| Owner Occupied HU | 5,740 (68.1%) |
| Renter Occupied HU | 2,056 (24.4%) |
| Vacant Housing Units | 633 ( 7.5%) |
| Median Home Value | $251,153 |
| Average Home Value | $294,249 |
Housing Distribution
Address Breakdown
Residential
8,196
Single Family
8,016
Multi-Family
180
Businesses
592
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Listed by: Rodney C Bennett • Walls & Bennett Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224040918
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.