1010 16th StColumbusIN47201
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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
Investment property for sale in Columbus at 1010 16th St, Columbus, IN, 47201 listed at $202,000 pairs $1,380/mo rent with a $989/mo payment to leave $167/mo cash flow. Total monthly income runs $1,380/mo, and annual cash flow reaches $2,005/yr on $66,963 cash to close. Return on cash invested measures 22.9% in year one, and rental yield registers 8.2% at a $202,000 basis. Equity gained on principal adds $1,303/yr, and annual property appreciation at 5% supports $55,809 by year five. Five-year ROI tracks 118.72% and total cumulative return in cash totals $79,500. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,380/mo property income relative to a $989/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47201, Columbus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,886 (100%) |
| Owner Occupied HU | 12,483 (59.8%) |
| Renter Occupied HU | 6,801 (32.6%) |
| Vacant Housing Units | 1,602 ( 7.7%) |
| Median Home Value | $258,047 |
| Average Home Value | $310,103 |
Housing Distribution
Address Breakdown
Residential
20,141
Single Family
19,109
Multi-Family
1,032
Businesses
1,506
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