5177 Novelty Ave #72CCanal WinchesterOH43110
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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 Canal Winchester at 5177 Novelty Ave #72C, Canal Winchester, OH, 43110 listed at $182,000 pairs $1,962/mo rent with a $891/mo payment to leave $530/mo cash flow. Total monthly income runs $1,962/mo, and annual cash flow reaches $6,356/yr on $60,333 cash to close. Return on cash invested measures 30.44% in year one, and rental yield registers 12.94% at a $182,000 basis. Equity gained on principal adds $1,174/yr, and annual property appreciation at 5% supports $50,283 by year five. Five-year ROI tracks 161.56% and total cumulative return in cash totals $97,473. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,962/mo property income relative to a $891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43110, Canal Winchester, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,451 (100%) |
| Owner Occupied HU | 9,914 (53.7%) |
| Renter Occupied HU | 7,454 (40.4%) |
| Vacant Housing Units | 1,083 ( 5.9%) |
| Median Home Value | $322,853 |
| Average Home Value | $340,513 |
Housing Distribution
Address Breakdown
Residential
17,502
Single Family
16,418
Multi-Family
1,084
Businesses
627
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Listed by: Taylor N Young • e-Merge Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225021597
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.