363 Harrington DrLondonOH43140
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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
Rental property for sale in London at 363 Harrington Dr, London, OH, 43140 priced at $250,000 pairs $2,351/mo rent with $706/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,351/mo, and annual cash flow comes to $8,474/yr on $82,875 invested. Return on cash invested is 30.13% in year one, and rental yield stands at 11.28% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 158.23% and total cumulative return in cash reaches $131,134. For financing, Ziffy Mortgage’s DSCR program evaluates $2,351/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
2,178 sqft lot
$N/A/sqft
No 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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