292 S Main StLondonOH43140
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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 292 S Main St, London, OH, 43140 uses $77,571 cash to close to unlock $3,697/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,847/mo, and a $1,145/mo payment keeps the spread at $308/mo. Purchase price stands at $234,000, and rental yield measures 9.47% with $1,847/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 128.97% and total cumulative return in cash records $100,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,847/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,840 sqft 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: Andrew J Hursh • The Westwood Real Estate Co.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225026628
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.