8989 Concord RdPowellOH43065
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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 Powell at 8989 Concord Rd, Powell, OH, 43065 priced at $649,900 converts $4,020/mo rent into after a $3,181/mo obligation. Total monthly income equals $4,020/mo. Return on cash invested prints 18.63% in year one, and rental yield reads 7.42% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 96.45% and total cumulative return in cash sums $206,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,020/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43065, Powell, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,427 (100%) |
| Owner Occupied HU | 14,998 (81.4%) |
| Renter Occupied HU | 2,352 (12.8%) |
| Vacant Housing Units | 1,077 ( 5.8%) |
| Median Home Value | $515,430 |
| Average Home Value | $571,778 |
Housing Distribution
Address Breakdown
Residential
18,368
Single Family
17,389
Multi-Family
979
Businesses
1,219
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Listed by: Michele A McClaine • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015374
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.