8919 Garrett 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
Investment property for sale in Lewis Center at 8919 Garrett St, Lewis Center, OH, 43035 offers a 7.92% rental yield on a $370,000 purchase with $2,441/mo rent. Total monthly income registers $2,441/mo, and a $1,811/mo payment leaves $7/mo available for distribution. Annual cash flow reaches $86/yr on $122,655 to close, and return on cash invested stands at 19.98% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 103.75% and total cumulative return in cash at $127,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,441/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.25 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: Leslie M Nartker • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225030841