487 Burns DrWestervilleOH43082
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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 487 Burns Dr, Westerville, OH, 43082 uses $146,821 cash to close to unlock $6,797/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $3,480/mo, and a $2,168/mo payment keeps the spread at $566/mo. Purchase price stands at $442,900, and rental yield measures 9.43% with $3,480/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $122,365 over five years. Five-year ROI reaches 128.19% and total cumulative return in cash records $188,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,480/mo property income covering a $2,168/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43082, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,951 (100%) |
| Owner Occupied HU | 10,888 (84.1%) |
| Renter Occupied HU | 1,655 (12.8%) |
| Vacant Housing Units | 408 ( 3.2%) |
| Median Home Value | $484,702 |
| Average Home Value | $518,752 |
Housing Distribution
Address Breakdown
Residential
12,911
Single Family
12,789
Multi-Family
122
Businesses
885
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Listed by: Stephen A Springer • Keller Williams Greater Cols
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226001989