705 N State St APT 208WestervilleOH43082
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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 Westerville at 705 N State St APT 208, Westerville, OH, 43082 uses $84,499 cash to close to unlock $4,175/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,364/mo, and a $1,248/mo payment keeps the spread at $348/mo. Purchase price stands at $254,900, and rental yield measures 11.13% with $2,364/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 131.59% and total cumulative return in cash records $111,192. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,364/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 2007
3.29 Acres lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43082, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,951 (100%) |
| Owner Occupied HU | 10,888 (84.1%) |
| Renter Occupied HU | 1,655 (12.8%) |
| Vacant Housing Units | 408 ( 3.2%) |
| Median Home Value | $484,702 |
| Average Home Value | $518,752 |
Housing Distribution
Address Breakdown
Residential
12,911
Single Family
12,789
Multi-Family
122
Businesses
885
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Listed by: Margaret L Chudik • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225029164
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.