8536 Lazelle Village DrLewis 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 8536 Lazelle Village Dr, Lewis Center, OH, 43035 generates $2,921/mo in rent and, after a $1,835/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,921/mo, and annual cash flow is $5,457/yr on $124,313 invested. Return on cash invested sits at 24.3% in year one, and rental yield is 9.35% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash sums $157,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,921/mo property income rather than buyer’s personal income.
Condo
Built in 2002
1.71 Acres lot
$N/A/sqft
No 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: Emilie Hausch • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225032749