778 Erin StLewis CenterOH43035
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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
Rental property for sale in Lewis Center at 778 Erin St, Lewis Center, OH, 43035 priced at $375,000 converts $2,368/mo rent into after a $1,835/mo obligation. Total monthly income equals $2,368/mo. Return on cash invested prints 18.84% in year one, and rental yield reads 7.58% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 97.68% and total cumulative return in cash sums $121,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,368/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1998
6,098 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43035, Lewis Center, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 9,292 (73.0%) |
| Renter Occupied HU | 2,901 (22.8%) |
| Vacant Housing Units | 533 ( 4.2%) |
| Median Home Value | $464,038 |
| Average Home Value | $490,137 |
Housing Distribution
Address Breakdown
Residential
12,819
Single Family
12,755
Multi-Family
64
Businesses
1,005
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Listed by: Marci L Press • Home Central Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012044
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.