6832 Axtel Dr #23DCanal 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 6832 Axtel Dr #23D, Canal Winchester, OH, 43110 uses $62,952 cash to close to unlock $2,128/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,426/mo, and a $929/mo payment keeps the spread at $177/mo. Purchase price stands at $189,900, and rental yield measures 9.01% with $1,426/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 121.53% and total cumulative return in cash records $76,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,426/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1998
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: Elizabeth M Melvin • RE/MAX Revealty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225041773