281 Stonhope DrDelawareOH43015
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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 Delaware at 281 Stonhope Dr, Delaware, OH, 43015 uses $111,053 cash to close to unlock $2,631/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $2,444/mo, and a $1,640/mo payment keeps the spread at $219/mo. Purchase price stands at $335,000, and rental yield measures 8.75% with $2,444/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 116.18% and total cumulative return in cash records $129,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,444/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 2002
7,405 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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Listed by: Susan Pierce • Red Frog Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225016733
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.