410 Lockbay RdCommercial 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
Investment property for sale in Commercial Point at 410 Lockbay Rd, Commercial Point, OH, 43116 uses $98,456 cash to close to unlock $4,211/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $2,334/mo, and a $1,454/mo payment keeps the spread at $351/mo. Purchase price stands at $297,000, and rental yield measures 9.43% with $2,334/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $124,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,334/mo property income covering a $1,454/mo payment rather than investor’s personal income.
Single Family
Built in 2024
5,227 sqft 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: Christopher M Shea • Keller Williams Consultants
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224026358
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.