264 Sterndale DrPickeringtonOH43147
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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
Rental property for sale in Pickerington at 264 Sterndale Dr, Pickerington, OH, 43147 priced at $420,770 converts $2,766/mo rent into after a $2,059/mo obligation. Total monthly income equals $2,766/mo. Return on cash invested prints 19.74% in year one, and rental yield reads 7.89% against a $420,770 entry. Equity gained on principal adds $2,715/yr, while 5% annual appreciation compiles into $116,251 by year five. Five-year ROI reaches 102.52% and total cumulative return in cash sums $143,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,766/mo property income covering a $2,059/mo payment, not borrower’s personal income.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
$215 annually 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: Alexander A Hencheck • HMS Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224036034
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.