7738 Lock RdCenterburgOH43011
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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 Centerburg at 7738 Lock Rd, Centerburg, OH, 43011 offers a 9.07% rental yield on a $295,000 purchase with $2,230/mo rent. Total monthly income registers $2,230/mo, and a $1,444/mo payment leaves $289/mo available for distribution. Annual cash flow reaches $3,473/yr on $97,793 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 122.42% and total cumulative return in cash at $119,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,230/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1875
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43011, Centerburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,952 (100%) |
| Owner Occupied HU | 2,380 (80.6%) |
| Renter Occupied HU | 434 (14.7%) |
| Vacant Housing Units | 138 ( 4.7%) |
| Median Home Value | $298,761 |
| Average Home Value | $370,273 |
Housing Distribution
Address Breakdown
Residential
2,650
Single Family
2,630
Multi-Family
20
Businesses
134
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Listed by: Bob Phillips • Re/Max Stars
Mls Name: KCBR
Mls ID: #20250843