3454 Independence StGrove CityOH43123
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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
Investment property for sale in Grove City at 3454 Independence St, Grove City, OH, 43123 offers a 8.11% rental yield on a $389,700 purchase with $2,634/mo rent. Total monthly income registers $2,634/mo, and a $1,907/mo payment leaves $71/mo available for distribution. Annual cash flow reaches $852/yr on $129,186 to close, and return on cash invested stands at 20.57% in year one. Equity gained on principal adds $2,515/yr while 5% annual appreciation supports $107,667 over five years. Portfolio math shows five-year ROI at 106.88% and total cumulative return in cash at $138,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,634/mo property income against a $1,907/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43123, Grove City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,156 (100%) |
| Owner Occupied HU | 19,582 (69.5%) |
| Renter Occupied HU | 7,451 (26.5%) |
| Vacant Housing Units | 1,123 ( 4.0%) |
| Median Home Value | $326,288 |
| Average Home Value | $347,272 |
Housing Distribution
Address Breakdown
Residential
28,592
Single Family
27,340
Multi-Family
1,252
Businesses
1,528
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Listed by: Ekaterina Lyubimova • NextHome Experience
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225034688