1223 Tranquil 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
Investment property for sale in Columbus at 1223 Tranquil Dr, Columbus, OH, 43085 uses $120,998 cash to close to unlock $4,556/yr annual cash flow and $380/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $1,786/mo payment keeps the spread at $380/mo. Purchase price stands at $365,000, and rental yield measures 9.52% with $2,896/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 123.96% and total cumulative return in cash records $149,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1987
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: Amy E Paul • e-Merge Real Estate Premium
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225041766
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.