566 Chestnut AveWestervilleOH43082
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Nearby investment properties with comparable prices
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 Westerville at 566 Chestnut Ave, Westerville, OH, 43082 priced at $449,000 converts $3,360/mo rent into $406/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $4,874/yr on $148,844 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.98% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 120.93% and total cumulative return in cash sums $180,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1993
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43082, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,951 (100%) |
| Owner Occupied HU | 10,888 (84.1%) |
| Renter Occupied HU | 1,655 (12.8%) |
| Vacant Housing Units | 408 ( 3.2%) |
| Median Home Value | $484,702 |
| Average Home Value | $518,752 |
Housing Distribution
Address Breakdown
Residential
12,911
Single Family
12,789
Multi-Family
122
Businesses
885
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Listed by: Terri L Woerner • RE/MAX ONE
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225044799