371 W North StOstranderOH43061
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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 Ostrander at 371 W North St, Ostrander, OH, 43061 priced at $380,000 pairs $3,054/mo rent with $554/mo cash flow after a $1,860/mo payment. Total monthly income equals $3,054/mo, and annual cash flow comes to $6,652/yr on $125,970 invested. Return on cash invested is 25.19% in year one, and rental yield stands at 9.64% on a $380,000 basis. Equity gained on principal adds $2,452/yr, and 5% annual appreciation accumulates to $104,987 by year five. Five-year ROI measures 131.7% and total cumulative return in cash reaches $165,901. For financing, Ziffy Mortgage’s DSCR program evaluates $3,054/mo property income against a $1,860/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43061, Ostrander, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,770 (100%) |
| Owner Occupied HU | 1,559 (88.1%) |
| Renter Occupied HU | 131 ( 7.4%) |
| Vacant Housing Units | 80 ( 4.5%) |
| Median Home Value | $478,672 |
| Average Home Value | $517,457 |
Housing Distribution
Address Breakdown
Residential
1,847
Single Family
1,847
Multi-Family
0
Businesses
72
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Listed by: Rosita DeJesus • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225027469
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.