1199 Elderwood AveColumbusOH43227
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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 1199 Elderwood Ave, Columbus, OH, 43227 uses $46,061 cash to close to unlock $11,205/yr annual cash flow and $934/mo monthly cash flow. Total monthly income runs $1,901/mo, and a $680/mo payment keeps the spread at $934/mo. Purchase price stands at $138,947, and rental yield measures 16.42% with $1,901/mo rent. Return on cash invested shows 44.23% in year one, and 5% annual appreciation builds toward $38,388 over five years. Five-year ROI reaches 234.32% and total cumulative return in cash records $107,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,901/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43227, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,549 (100%) |
| Owner Occupied HU | 4,627 (43.9%) |
| Renter Occupied HU | 5,225 (49.5%) |
| Vacant Housing Units | 697 ( 6.6%) |
| Median Home Value | $135,523 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
8,855
Single Family
8,198
Multi-Family
657
Businesses
375
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