5522 Oconnell StCanal 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 5522 Oconnell St, Canal Winchester, OH, 43110 uses $70,278 cash to close to unlock $6,806/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,962/mo, and a $1,038/mo payment keeps the spread at $567/mo. Purchase price stands at $212,000, and rental yield measures 11.11% with $1,962/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 155.34% and total cumulative return in cash records $109,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $1,038/mo payment rather than investor’s personal income.
Condo
Built in 2002
871.20 sqft lot
$N/A/sqft
No 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: Robert S Dalton • e-Merge Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225033430