428 Lockbay RdCommercial PtOH43116
Nearby investment properties with comparable rents
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
Investment property for sale in Commercial Pt at 428 Lockbay Rd, Commercial Pt, OH, 43116 at $325,000 posts ROI 27.79% with $708/mo cash flow from $2,846/mo rent. Total monthly income equals $2,846/mo, and annual cash flow records $8,495/yr on $107,738 to close. Return on cash invested measures 27.79% and rental yield reads 10.51% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 145.63% and total cumulative return in cash totals $156,901.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,846/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
5,227 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Caitlyn Mulroy • Redfin Corporation
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225035434