37 Lotspeich AveLondonOH43140
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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 London at 37 Lotspeich Ave, London, OH, 43140 uses $69,615 cash to close to unlock $5,958/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $1,878/mo, and a $1,028/mo payment keeps the spread at $497/mo. Purchase price stands at $210,000, and rental yield measures 10.73% with $1,878/mo rent. Return on cash invested shows 28.47% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 149.28% and total cumulative return in cash records $103,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,878/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,484 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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