1316 E 15th AveColumbusOH43211
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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 1316 E 15th Ave, Columbus, OH, 43211 uses $48,034 cash to close to unlock $2,449/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,157/mo, and a $709/mo payment keeps the spread at $204/mo. Purchase price stands at $144,900, and rental yield measures 9.58% with $1,157/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 130.78% and total cumulative return in cash records $62,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,157/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1924
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43211, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,525 (100%) |
| Owner Occupied HU | 3,273 (34.4%) |
| Renter Occupied HU | 5,223 (54.8%) |
| Vacant Housing Units | 1,029 (10.8%) |
| Median Home Value | $81,790 |
| Average Home Value | $139,575 |
Housing Distribution
Address Breakdown
Residential
9,152
Single Family
9,109
Multi-Family
43
Businesses
426
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Listed by: James E Ross • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224042551
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.