Springfield Plan, FarmsteadGrove CityOH43123
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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 Grove City at Springfield Plan, Farmstead, Grove City, OH, 43123 priced at $478,990 pairs $3,265/mo rent with $115/mo cash flow after a $2,344/mo payment. Total monthly income equals $3,265/mo, and annual cash flow comes to $1,376/yr on $158,785 invested. Return on cash invested is 20.78% in year one, and rental yield stands at 8.18% on a $478,990 basis. Equity gained on principal adds $3,091/yr, and 5% annual appreciation accumulates to $132,336 by year five. Five-year ROI measures 108% and total cumulative return in cash reaches $171,491. For financing, Ziffy Mortgage’s DSCR program evaluates $3,265/mo property income against a $2,344/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43123, Grove City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,156 (100%) |
| Owner Occupied HU | 19,582 (69.5%) |
| Renter Occupied HU | 7,451 (26.5%) |
| Vacant Housing Units | 1,123 ( 4.0%) |
| Median Home Value | $326,288 |
| Average Home Value | $347,272 |
Housing Distribution
Address Breakdown
Residential
28,592
Single Family
27,340
Multi-Family
1,252
Businesses
1,528
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Listed by: N/A • Fischer Homes
Mls Name: Fischer Homes
Mls ID: #N/A