1516 Union AveColumbusOH43223
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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 1516 Union Ave, Columbus, OH, 43223 uses $71,273 cash to close to unlock $4,513/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $1,790/mo, and a $1,052/mo payment keeps the spread at $376/mo. Purchase price stands at $215,000, and rental yield measures 9.99% with $1,790/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 137.37% and total cumulative return in cash records $97,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,790/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
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Listed by: Scott D Hoffmann • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224043730
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.