331 Bishop DrLondonOH43140
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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 London at 331 Bishop Dr, London, OH, 43140 generates $1,140/mo in rent, after a $1,208/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 11.6% in year one, and rental yield is 5.54% on a $246,900 entry. Equity gained on principal adds $1,593/yr, while 5% annual appreciation builds toward $68,214 over five years. Five-year ROI reaches 59.27% and total cumulative return in cash sums $48,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Condo
Built in 1998
2,178 sqft lot
$N/A/sqft
$1,000 annually 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: Christopher Todd Boyd • RE/MAX Leading Edge
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225017795
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.