3308 Shepard Ave NEMillersportOH43046
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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
Investment property for sale in Millersport at 3308 Shepard Ave NE, Millersport, OH, 43046 offers a 9.23% rental yield on a $120,000 purchase with $923/mo rent. Total monthly income registers $923/mo, and a $587/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,608/yr on $39,780 to close, and return on cash invested stands at 23.95% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 125% and total cumulative return in cash at $49,723. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $923/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43046, Millersport, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,061 (62.1%) |
| Renter Occupied HU | 311 (18.2%) |
| Vacant Housing Units | 336 (19.7%) |
| Median Home Value | $377,448 |
| Average Home Value | $429,630 |
Housing Distribution
Address Breakdown
Residential
1,324
Single Family
1,324
Multi-Family
0
Businesses
99
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Listed by: Kyle E Hall • Century 21 Frank Frye
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225036595