316 Blue Ridge CtOstranderOH43061
Nearby investment properties with comparable rents
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 Ostrander at 316 Blue Ridge Ct, Ostrander, OH, 43061 generates $3,236/mo in rent and, after a $2,080/mo payment, leaves $261/mo in cash flow. Total monthly income is $3,236/mo, and annual cash flow is $3,127/yr on $140,888 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 9.14% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 115.81% and total cumulative return in cash sums $163,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,236/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
10,454 sqft lot
$N/A/sqft
$180 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43061, Ostrander, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,770 (100%) |
| Owner Occupied HU | 1,559 (88.1%) |
| Renter Occupied HU | 131 ( 7.4%) |
| Vacant Housing Units | 80 ( 4.5%) |
| Median Home Value | $478,672 |
| Average Home Value | $517,457 |
Housing Distribution
Address Breakdown
Residential
1,847
Single Family
1,847
Multi-Family
0
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura H VonBruenchenhein • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225022042
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.