8143 Summitpoint PlLewis 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 8143 Summitpoint Pl, Lewis Center, OH, 43035 priced at $420,000 converts $2,513/mo rent into after a $2,056/mo obligation. Total monthly income equals $2,513/mo. Return on cash invested prints 14.04% in year one, and rental yield reads 7.18% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 73.21% and total cumulative return in cash sums $101,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,513/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Condo
Built in 2016
0.51 Acres lot
$N/A/sqft
$353 monthly 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: Mark H Sotherden • EMC Realty LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015754
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.