6655 Lockbourne RdLockbourneOH43137
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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 Lockbourne at 6655 Lockbourne Rd, Lockbourne, OH, 43137 offers $1,796/mo rent that, after a $1,326/mo payment, leaves $14/mo cash flow. Total monthly income is $1,796/mo, and annual cash flow is $166/yr on $89,837 cash. Return on cash invested measures 20.09% in year one, and rental yield stands at 7.95% at a $271,000 entry. Equity gained on principal adds $1,749/yr while 5% annual appreciation compounds into $74,872 by year five. Five-year ROI records 104.34% and total cumulative return in cash reaches $93,735. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,796/mo property income versus a $1,326/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43137, Lockbourne, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 648 (62.3%) |
| Renter Occupied HU | 236 (22.7%) |
| Vacant Housing Units | 156 (15.0%) |
| Median Home Value | $241,089 |
| Average Home Value | $344,475 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,131
Multi-Family
1
Businesses
110
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Listed by: Carmalea V Rice • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225014577
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.