6983 Remsen DrCanal 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 6983 Remsen Dr, Canal Winchester, OH, 43110 with 5% annual appreciation on a $249,000 basis while $1,920/mo rent supports operations. Total monthly income totals $1,920/mo and a $1,219/mo payment preserves $47/mo for cash returns. Annual cash flow comes to $562/yr on $82,544 deployed, and return on cash invested reaches 20.59% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 9.25%. Five-year ROI measures 108.24% and total cumulative return in cash totals $89,348.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,920/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2005
N/A lot
$N/A/sqft
$235 monthly 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: Sherri McDonald • Howard Hanna Real Estate Services
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433434
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.