1475 W 3rd Ave APT 401ColumbusOH43212
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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 1475 W 3rd Ave APT 401, Columbus, OH, 43212 offers a 5.18% rental yield on a $454,000 purchase with $1,958/mo rent. 76% in year one. Equity gained on principal adds $2,930/yr while 5% annual appreciation supports $125,432 over five years. Portfolio math shows five-year ROI at 39.65% and total cumulative return in cash at $59,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,958/mo property income against a $2,222/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
0.27 Acres lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43212, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,299 (100%) |
| Owner Occupied HU | 3,870 (25.3%) |
| Renter Occupied HU | 10,466 (68.4%) |
| Vacant Housing Units | 963 ( 6.3%) |
| Median Home Value | $525,383 |
| Average Home Value | $580,538 |
Housing Distribution
Address Breakdown
Residential
13,852
Single Family
8,529
Multi-Family
5,323
Businesses
1,162
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Listed by: Luyang Yin • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225026020
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.