3628 Backstretch WayGrove 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
Rental property for sale in Grove City at 3628 Backstretch Way, Grove City, OH, 43123 priced at $449,900 converts $2,898/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,898/mo. Return on cash invested prints 19.42% in year one, and rental yield reads 7.73% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 100.7% and total cumulative return in cash sums $150,190. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,898/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 2021
6,098 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: Keli M Fisher • e-Merge Real Estate Results
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225045843