487 Equality WayGallowayOH43119
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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 Galloway at 487 Equality Way, Galloway, OH, 43119 offers a 14.17% rental yield on a $235,000 purchase with $2,774/mo rent. Total monthly income registers $2,774/mo, and a $1,150/mo payment leaves $1,118/mo available for distribution. Annual cash flow reaches $13,421/yr on $77,903 to close, and return on cash invested stands at 37.14% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 196.39% and total cumulative return in cash at $152,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,774/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
871.20 sqft lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43119, Galloway, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,906 (100%) |
| Owner Occupied HU | 8,065 (67.7%) |
| Renter Occupied HU | 3,539 (29.7%) |
| Vacant Housing Units | 302 ( 2.5%) |
| Median Home Value | $275,062 |
| Average Home Value | $310,180 |
Housing Distribution
Address Breakdown
Residential
11,447
Single Family
11,255
Multi-Family
192
Businesses
244
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Listed by: David W Bjorklund • Century 21 Excellence Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224016328
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.