353 Kear StLockbourneOH43137
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 Lockbourne at 353 Kear St, Lockbourne, OH, 43137 offers $2,651/mo rent that, after a $1,542/mo payment, leaves $579/mo cash flow. Total monthly income is $2,651/mo, and annual cash flow is $6,945/yr on $104,423 cash. Return on cash invested measures 26.56% in year one, and rental yield stands at 10.1% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 139.02% and total cumulative return in cash reaches $145,169. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,651/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43137, Lockbourne, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 648 (62.3%) |
| Renter Occupied HU | 236 (22.7%) |
| Vacant Housing Units | 156 (15.0%) |
| Median Home Value | $241,089 |
| Average Home Value | $344,475 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,131
Multi-Family
1
Businesses
110
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Listed by: Caitlyn Mulroy • Redfin Corporation
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225038351