9520 Picway RdLockbourneOH43137
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lockbourne at 9520 Picway Rd, Lockbourne, OH, 43137 generates $1,439/mo in rent, after a $1,465/mo payment. Total monthly income is $1,439/mo. Return on cash invested sits at 13.5% in year one, and rental yield is 5.77% on a $299,316 entry. Equity gained on principal adds $1,931/yr, while 5% annual appreciation builds toward $82,695 over five years. Five-year ROI reaches 69.01% and total cumulative return in cash sums $68,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,439/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43137, Lockbourne, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 648 (62.3%) |
| Renter Occupied HU | 236 (22.7%) |
| Vacant Housing Units | 156 (15.0%) |
| Median Home Value | $241,089 |
| Average Home Value | $344,475 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,131
Multi-Family
1
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle L Stevenson • M3K Real Estate Network Inc.
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225041006