115 Latta AveColumbusOH43205
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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 115 Latta Ave, Columbus, OH, 43205 priced at $250,000 pairs $1,932/mo rent with $287/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,932/mo, and annual cash flow comes to $3,446/yr on $82,875 invested. Return on cash invested is 24.07% in year one, and rental yield stands at 9.27% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 125.71% and total cumulative return in cash reaches $104,182. For financing, Ziffy Mortgage’s DSCR program evaluates $1,932/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
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Listed by: Tana Lantry • Ohio Broker Direct, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225018453
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.