38 Parkview AveCommercial PointOH43116
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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 Commercial Point at 38 Parkview Ave, Commercial Point, OH, 43116 priced at $299,000 pairs $2,070/mo rent with $75/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,070/mo, and annual cash flow comes to $894/yr on $99,119 invested. Return on cash invested is 20.81% in year one, and rental yield stands at 8.31% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 108.32% and total cumulative return in cash reaches $107,362. For financing, Ziffy Mortgage’s DSCR program evaluates $2,070/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43116, Commercial Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,098 (100%) |
| Owner Occupied HU | 991 (90.3%) |
| Renter Occupied HU | 73 ( 6.6%) |
| Vacant Housing Units | 34 ( 3.1%) |
| Median Home Value | $340,505 |
| Average Home Value | $344,770 |
Housing Distribution
Address Breakdown
Residential
1,105
Single Family
1,105
Multi-Family
0
Businesses
34
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Listed by: Lorna V Hawk • Berkshire Hathaway HS Pro Rlty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011901
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.