647 Spring Valley DrLewis CenterOH43035
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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 Lewis Center at 647 Spring Valley Dr, Lewis Center, OH, 43035 offers a 10.92% rental yield on a $207,900 purchase with $1,892/mo rent. Total monthly income registers $1,892/mo, and a $1,018/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,295/yr on $68,919 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $1,342/yr while 5% annual appreciation supports $57,439 over five years. Portfolio math shows five-year ROI at 116.06% and total cumulative return in cash at $79,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,892/mo property income against a $1,018/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
$379 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43035, Lewis Center, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 9,292 (73.0%) |
| Renter Occupied HU | 2,901 (22.8%) |
| Vacant Housing Units | 533 ( 4.2%) |
| Median Home Value | $464,038 |
| Average Home Value | $490,137 |
Housing Distribution
Address Breakdown
Residential
12,819
Single Family
12,755
Multi-Family
64
Businesses
1,005
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Listed by: Sara J Bonnie • Bonnie Realty Services
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225013981
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.