318 Stoney Ridge DrPataskalaOH43062
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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 Pataskala at 318 Stoney Ridge Dr, Pataskala, OH, 43062 priced at $329,900 pairs $2,426/mo rent with $256/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,426/mo, and annual cash flow comes to $3,068/yr on $109,362 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 8.82% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 118.41% and total cumulative return in cash reaches $129,495. For financing, Ziffy Mortgage’s DSCR program evaluates $2,426/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43062, Pataskala, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 10,297 (80.1%) |
| Renter Occupied HU | 2,087 (16.2%) |
| Vacant Housing Units | 471 ( 3.7%) |
| Median Home Value | $333,809 |
| Average Home Value | $407,975 |
Housing Distribution
Address Breakdown
Residential
12,714
Single Family
12,515
Multi-Family
199
Businesses
608
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Listed by: Anna Duncan • Better Homes & Gardens BigHill
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224035921
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.