396 Illinois AveWestervilleOH43081
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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 Westerville at 396 Illinois Ave, Westerville, OH, 43081 at $389,900 posts ROI 24.98% with $546/mo cash flow from $3,110/mo rent. Total monthly income equals $3,110/mo, and annual cash flow records $6,548/yr on $129,252 to close. Return on cash invested measures 24.98% and rental yield reads 9.57% at the current $389,900. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 by year five. Five-year ROI prints 130.53% and total cumulative return in cash totals $168,709.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,110/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43081, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,305 (100%) |
| Owner Occupied HU | 16,644 (56.8%) |
| Renter Occupied HU | 11,105 (37.9%) |
| Vacant Housing Units | 1,556 ( 5.3%) |
| Median Home Value | $338,562 |
| Average Home Value | $364,562 |
Housing Distribution
Address Breakdown
Residential
30,160
Single Family
28,600
Multi-Family
1,560
Businesses
1,422
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Listed by: Autumn Muchow • Binkley Real Estate, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1035749
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.