1115 Grand Ave, Columbus, IN, 47201 | $315/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1115 Grand Ave, Columbus, IN, 47201 | $315/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Columbus at 1115 Grand Ave, Columbus, IN, 47201 uses $62,952 cash to close to unlock $3,774/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $929/mo payment keeps the spread at $315/mo. Purchase price stands at $189,900, and rental yield measures 9.19% with $1,454/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 134.78% and total cumulative return in cash records $84,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $929/mo payment rather than investor’s personal income.

Single Family

Built in 1953

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Known as the "Lil House on Grand," this delightful 3-bedroom, 1-bath ranch is move-in ready and full of thoughtful updates. The home features an inviting living room with a wide span of windows that fill the space with natural light, a lovely eat-in kitchen with attractive countertops, beautiful wood cabinetry, a large pantry, plus a convenient laundry area. All bedrooms are nicely sized, and the bathroom has a fresh, modern feel. Since November 2023, updates include a new backyard concrete parking pad (fits 2-3 cars), refreshed landscaping, recessed lighting in the living room and small bedroom, electrical brought up to code, a new water line, and fiber internet installed with utility closet access. A Eufy security system with four cameras, doorbell/package camera, and smart keypad/fingerprint door locks adds peace of mind. Major updates within the last 5 years include a new HVAC system, carpet, roof with gutters and downspouts, windows, water heater, and plumbing upgrades. Appliances that have all been updated and remain with the sale include a washer and dryer, refrigerator, vent hood, electric stove/oven, and Bosch dishwasher. An 8x10 backyard shed provides excellent storage. This well-maintained home combines comfort, convenience, modern updates, a sunny backyard and a shaded front yard -ready for its next owner to enjoy!

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