Start with $86K down. Explore the potential for $164K in property equity over 5 years.
3-bedroom new construction townhomes in Hilliard City School District, with illustrative financing in the 4% range*.
See how rental income, mortgage principal reduction and assumed appreciation could combine in one Central Ohio new-construction purchase — using clearly stated assumptions, not a promise.
Five-year equity, broken down
$163,603
projected property equity after 5 years
- Your down payment
- $86,000
- Principal paid down
- $22,813
- Value gained (assumed)
- $54,790
Assumes 3% annual value growth — an assumption, not a forecast. Most of the total is the buyer's own cash plus principal they were paying anyway.
*Illustrative example only. All figures are estimates, not a forecast, an appraisal, a lending offer or a guarantee of results. Appreciation, rental income and financing are not guaranteed. Equity shown includes the buyer's own $86K down payment and excludes closing and selling costs. Not affiliated with or endorsed by DR Horton. Images on this page are illustrative renderings of a similar style of townhome community, not photographs of Villas at Renner Park.
The example, at a glance
Six numbers, each traceable to either the tracker snapshot recorded 2026-10-03 or an assumption stated below. Nothing here is a live listing or an offer of sale.
Illustrative price. The tracker's recorded starting price for Villas at Renner Park was $341,900 on 2026-10-03; confirm the price of the specific home you would buy.
Cash you would put in at closing, before closing costs.
4.5% fixed over 30 years — an assumption for this example, not a rate anyone is being offered.
Principal, interest, taxes, insurance and association dues combined.
An assumed market figure, not a confirmed lease. Vacancy, management, maintenance and repairs are not included.
Before vacancy, maintenance, property management, repairs, reserves and other expenses not already in PITI + HOA. A loss is possible.
Rate, financing terms and payment require current lender verification and qualification. Rental income is an assumption and is not guaranteed. Property taxes, insurance and association dues must be verified for the actual parcel and unit. Figures are rounded.
What the $2,100 includes
So you can see exactly what was added — and what wasn't.
- Principal & interest
- $1,307On $258,000 borrowed at 4.5% over 30 years
- Property tax
- $5732% of $344,000 (recorded county rate), divided by 12
- Insurance
- $50Owner-occupied estimate; landlord coverage is priced differently
- Association dues
- $170Recorded 2026-10-03 — confirm the current amount and inclusions
- Monthly total
- $2,101
Rental property calculator
Change the price, down payment, rate, rent and expenses yourself and watch the cash flow and hypothetical return move. Useful for stress-testing this example against your own assumptions.
Open the calculatorResults are hypothetical estimates based only on what you enter — not financial, tax, legal or investment advice, and not a prediction of returns.
Where the equity would come from
Assuming 3% annual value growth on a $344,000 purchase — an assumption, not a forecast. Equity is the property's assumed value minus what you would still owe.
projected property equity
Scaled against the five-year figure for comparison only.
projected property equity
Scaled against the five-year figure for comparison only.
- $86,000Your down payment
- $22,813Principal paid down
- $54,790Value gained (assumed)
Most of the five-year figure is your own down payment plus mortgage principal you were paying anyway — the assumed value gain is the smallest slice, and it is not guaranteed. Equity excludes closing costs, selling costs, rental cash flow and taxes, and assumes no interest-rate or financing change.
Costs the +$399 ignores
The monthly spread is rent minus PITI + HOA. Real ownership costs more than that. These items are deliberately excluded so the example is not mistaken for a net return.
- Closing costs, origination fees and prepaid items
- Vacancy loss and tenant turnover
- Repairs, capital reserves and routine maintenance
- Property management and leasing fees
- Income taxes, and any state or local rental registration
- Buying or selling costs (brokerage commissions, transfer fees)
- Insurance for a tenant-occupied property, which differs from owner-occupied
Six things to verify in writing
- 1Mortgage rate and qualificationThe 4.5% shown is an assumption for this example. It is not an offer of credit and may not be available to you. A lender confirms your actual rate, APR and payment.
- 2Property taxes on the actual parcelCounty auditor figures, not an average, and reassessment changes them. Confirm the parcel's own tax record.
- 3HOA dues, and what they coverAssociation charges and any special assessments change. Confirm the amount, due date and inclusions directly with the association.
- 4Rental permissions and any occupancy limitsCommunity rules, association documents and local registration may restrict leasing. Confirm in writing before counting on rental income.
- 5Insurance for a rental propertyLandlord coverage is priced differently from owner-occupied policies. Get a quote for tenant-occupied use.
- 6Current price, homesite and inventoryBuilder prices, options and lot premiums change often. Confirm the specific home you would buy, not the base plan.
Villas at Renner Park
A dated snapshot from the community tracker, not a live inventory feed. Confirm everything with the builder.
- Builder
- DR Horton
- Location
- Columbus, Franklin County
- Home type
- Townhome · 3–4 beds
- Status recorded
- Quick Move-In · 2026-10-03
- Recorded starting price
- $341,900
- Association dues recorded
- $170/mo — confirm inclusions
- County tax rate recorded
- 2% — confirm per parcel
- School district
- Hilliard City — verify the assigned school for the specific address
School information is provided for orientation only and is not a representation about any particular home; assignments can differ by address and change over time. Verify directly with Hilliard City School District. This page is not affiliated with or endorsed by DR Horton; DR Horton is a trademark of its owner and is used here for identification only.
Get the current numbers for this community
Two ways to start — both reach Nasser directly. A request here is not a confirmed appointment; the time and meeting details are confirmed by phone or email first.
Or request investment details
Ask for the current homes, actual pricing, association documents and rental rules for this community — and the numbers behind this example, recomputed for the home you would actually buy.
Nasser Hussain, REALTOR® with FIV Realty, 11448 Quail Ridge Rd, Plain City, OH 43064. Representing a buyer is by written agreement; submitting a request here does not create an agency relationship and does not authorize automated marketing calls or texts.