1348 Summit StColumbusOH43201
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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 1348 Summit St, Columbus, OH, 43201 generates $2,931/mo in rent, after a $2,296/mo payment. Total monthly income is $2,931/mo. Return on cash invested sits at 18.72% in year one, and rental yield is 7.5% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 96.97% and total cumulative return in cash sums $150,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,931/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43201, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,534 (100%) |
| Owner Occupied HU | 2,390 (11.1%) |
| Renter Occupied HU | 16,148 (75.0%) |
| Vacant Housing Units | 2,996 (13.9%) |
| Median Home Value | $471,933 |
| Average Home Value | $467,571 |
Housing Distribution
Address Breakdown
Residential
18,494
Single Family
11,190
Multi-Family
7,304
Businesses
878
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