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$474,900

For Sale - Active
5516 Latrobe St, Westerville, OH 43081
4 Beds
3 Baths
2,134 Square Feet
0.18 Acres Lot
Built in 1996
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Jun 21, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$1,108
Cap Rate
3.5%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.8%

Property Description


0.18 Acres Lot
Built in 1996
For Sale - Active
1 Units

Welcome to your next chapter in the desirable Preston Commons neighborhood in New Albany schools! This charming one owner 4-bedroom, 2.5 bath home offers a spacious, flexible floor plan ready for your personal touch. Step into a comfortable home featuring an owner's suite with vaulted ceilings and a large en suite bath—your own private retreat. The main level is perfect for both everyday living and entertaining, with an updated kitchen open to the family room centered around a gas fireplace, a formal dining and living rooms for added flexibility. Step outside to enjoy the serene backyard, complete with mature trees, a deck and charming pergola—ideal for morning coffee, summer BBQs, or simply unwinding. Garden beds await your green thumb, while the expansive yard offers space to play, grow, or gather. A two-car attached garage adds everyday convenience, and the full basement provides limitless possibilities—create a home gym, rec room, with ample storage. Move right in this Preston Commons gem. Don't miss out on this opportunity!! Washer/dryer included

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Block

HOA

  • Has HOA: Yes
  • HOA Fee: $13/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 545231691
  • Lot Size: 7840 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1996

Tax Information

  • Annual Tax: $7,311

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air, Whole House Fan

Location

  • County: Franklin

Listing Details


Listed by:
Brian D Kemp
Keller Williams Capital Ptnrs
(614) 450-0082

Source:
Columbus and Central Ohio Regional MLS
MLS#: 225011405
Columbus and Central Ohio Regional MLS

Investment Summary


Monthly Cash Flow
-$1,108
Cap Rate
3.5%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.8%

Purchase Details

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Purchase price:
$474,900
Amount financed:
-$379,920
Down payment:
$94,980
Closing costs:
$14,247
Rehab costs:
$0
Initial cash invested:
$109,227
Square feet:
2,134
Cost per square foot:
$223
Monthly rent per square foot:
$1.36

Financing Details

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Loan amount:
$379,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,487
Property tax:
$609
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,299

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$609-$7,311
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (0%)
0%-$13-$156
Total operating expenses: (46%)
46%-$1,347-$16,167

Cash Flow


Monthly Yearly
Net operating income:
$1,379 $16,548
Mortgage payments:
-$2,487 -$29,844
Cash flow:
$1,108 $13,296