302 Willow Bend DrColumbus GroveOH45830
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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 Columbus Grove at 302 Willow Bend Dr, Columbus Grove, OH, 45830 priced at $199,900 pairs $2,286/mo rent with $972/mo cash flow after a $978/mo payment. Total monthly income equals $2,286/mo, and annual cash flow comes to $11,658/yr on $66,267 invested. Return on cash invested is 37.5% in year one, and rental yield stands at 13.72% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 197.73% and total cumulative return in cash reaches $131,029. For financing, Ziffy Mortgage’s DSCR program evaluates $2,286/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45830, Columbus Grove, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,420 (100%) |
| Owner Occupied HU | 1,937 (80.0%) |
| Renter Occupied HU | 326 (13.5%) |
| Vacant Housing Units | 157 ( 6.5%) |
| Median Home Value | $216,322 |
| Average Home Value | $242,332 |
Housing Distribution
Address Breakdown
Residential
2,279
Single Family
2,279
Multi-Family
0
Businesses
99
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Listed by: Dan T Irwin • New Concept Realty
Mls Name: NORIS
Mls ID: #6135932