1137 Discovery DrColumbusOH43085
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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 Columbus at 1137 Discovery Dr, Columbus, OH, 43085 priced at $353,500 converts $2,651/mo rent into $230/mo cash flow after a $1,730/mo obligation. Total monthly income equals $2,651/mo, and annual cash flow totals $2,759/yr on $117,185 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 9% against a $353,500 entry. Equity gained on principal adds $2,281/yr, while 5% annual appreciation compiles into $97,666 by year five. Five-year ROI reaches 116.33% and total cumulative return in cash sums $136,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,651/mo property income covering a $1,730/mo payment, not borrower’s personal income.
Single Family
Built in 1981
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43085, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,532 (67.6%) |
| Renter Occupied HU | 3,206 (28.8%) |
| Vacant Housing Units | 405 ( 3.6%) |
| Median Home Value | $402,258 |
| Average Home Value | $434,506 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
10,074
Multi-Family
610
Businesses
1,440
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Listed by: Deana F Rogers • ValEquity Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225016793
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