283 Cross Wind Dr EWestervilleOH43081
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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 Westerville at 283 Cross Wind Dr E, Westerville, OH, 43081 priced at $195,000 converts $1,680/mo rent into $398/mo cash flow after a $954/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $4,773/yr on $64,643 invested. Return on cash invested prints 27.29% in year one, and rental yield reads 10.34% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 142.97% and total cumulative return in cash sums $92,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1984
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43081, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,305 (100%) |
| Owner Occupied HU | 16,644 (56.8%) |
| Renter Occupied HU | 11,105 (37.9%) |
| Vacant Housing Units | 1,556 ( 5.3%) |
| Median Home Value | $338,562 |
| Average Home Value | $364,562 |
Housing Distribution
Address Breakdown
Residential
30,160
Single Family
28,600
Multi-Family
1,560
Businesses
1,422
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Listed by: Anne Halter Gonzales • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226002244