55 Richards DrDelawareOH43015
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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 Delaware at 55 Richards Dr, Delaware, OH, 43015 uses $76,245 cash to close to unlock $5,038/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $1,933/mo, and a $1,126/mo payment keeps the spread at $420/mo. Purchase price stands at $230,000, and rental yield measures 10.09% with $1,933/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash records $105,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,933/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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Listed by: William Edmund Davis • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225008401
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