494 Woodland DrHeathOH43056
Nearby investment properties with comparable rents
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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
Rental property for sale in Heath at 494 Woodland Dr, Heath, OH, 43056 priced at $214,000 converts $1,830/mo rent into $423/mo cash flow after a $1,047/mo obligation. Total monthly income equals $1,830/mo, and annual cash flow totals $5,073/yr on $70,941 invested. Return on cash invested prints 27.06% in year one, and rental yield reads 10.26% against a $214,000 entry. Equity gained on principal adds $1,381/yr, while 5% annual appreciation compiles into $59,124 by year five. Five-year ROI reaches 141.7% and total cumulative return in cash sums $100,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $1,047/mo payment, not borrower’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43056, Heath, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 5,490 (72.3%) |
| Renter Occupied HU | 1,816 (23.9%) |
| Vacant Housing Units | 285 ( 3.8%) |
| Median Home Value | $283,417 |
| Average Home Value | $310,703 |
Housing Distribution
Address Breakdown
Residential
7,530
Single Family
7,278
Multi-Family
252
Businesses
601
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Listed by: Andrew P Guanciale • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225009658
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