551 E Main StCirclevilleOH43113
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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 Circleville at 551 E Main St, Circleville, OH, 43113 priced at $119,900 converts $1,074/mo rent into $285/mo cash flow after a $587/mo obligation. Total monthly income equals $1,074/mo, and annual cash flow totals $3,422/yr on $39,747 invested. Return on cash invested prints 28.52% in year one, and rental yield reads 10.75% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 149.63% and total cumulative return in cash sums $59,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43113, Circleville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,424 (100%) |
| Owner Occupied HU | 6,541 (62.7%) |
| Renter Occupied HU | 3,303 (31.7%) |
| Vacant Housing Units | 580 ( 5.6%) |
| Median Home Value | $237,736 |
| Average Home Value | $280,753 |
Housing Distribution
Address Breakdown
Residential
10,085
Single Family
9,858
Multi-Family
227
Businesses
873
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Listed by: Donald E Shaffer • Howard HannaRealEstateServices
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225039925