617 Codrington CirGahannaOH43230
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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 Gahanna at 617 Codrington Cir, Gahanna, OH, 43230 priced at $427,500 converts $3,211/mo rent into $363/mo cash flow after a $2,092/mo obligation. Total monthly income equals $3,211/mo, and annual cash flow totals $4,361/yr on $141,716 invested. Return on cash invested prints 22.99% in year one, and rental yield reads 9.01% against a $427,500 entry. Equity gained on principal adds $2,759/yr, while 5% annual appreciation compiles into $118,110 by year five. Five-year ROI reaches 119.98% and total cumulative return in cash sums $170,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,211/mo property income covering a $2,092/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43230, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,224 (100%) |
| Owner Occupied HU | 15,181 (57.9%) |
| Renter Occupied HU | 9,959 (38.0%) |
| Vacant Housing Units | 1,084 ( 4.1%) |
| Median Home Value | $320,982 |
| Average Home Value | $359,679 |
Housing Distribution
Address Breakdown
Residential
25,618
Single Family
22,474
Multi-Family
3,144
Businesses
1,801
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Listed by: Ekaterina Lyubimova • NextHome Experience
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015973
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.