1398 Loretta 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 1398 Loretta Ave, Columbus, OH, 43211 listed at $139,500 pairs $1,643/mo rent with a $683/mo payment to leave $709/mo cash flow. Total monthly income runs $1,643/mo, and annual cash flow reaches $8,508/yr on $46,244 cash to close. Return on cash invested measures 38.31% in year one, and rental yield registers 14.13% at a $139,500 basis. Equity gained on principal adds $900/yr, and annual property appreciation at 5% supports $38,541 by year five. Five-year ROI tracks 202.29% and total cumulative return in cash totals $93,549. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,643/mo property income relative to a $683/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
5,227 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: Jeffrey D Krider • The Columbus Agents
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224031313
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.