156 S Eureka AveColumbusOH43204
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 156 S Eureka Ave, Columbus, OH, 43204 in Columbus: $1,932/mo in rent, $725/mo net, 12.63% gross yield, all on a $183,500 acquisition. The 2.34 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $50,698 in value, and $1,690/yr in principal paydown steadily builds equity. Projected total cumulative return: $116,609.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 4.2% |
| Monthly Cash Flow | $725 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,932 |
| Total Monthly Debt Service | $1,134 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43204, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 8,694 (45.1%) |
| Renter Occupied HU | 8,953 (46.5%) |
| Vacant Housing Units | 1,618 ( 8.4%) |
| Median Home Value | $208,239 |
| Average Home Value | $272,286 |
Housing Distribution
Address Breakdown
Residential
18,142
Single Family
16,419
Multi-Family
1,723
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43204, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 8,694 (45.1%) |
| Renter Occupied HU | 8,953 (46.5%) |
| Vacant Housing Units | 1,618 ( 8.4%) |
| Median Home Value | $208,239 |
| Average Home Value | $272,286 |
Housing Distribution
Address Breakdown
Residential
18,142
Single Family
16,419
Multi-Family
1,723
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carlton A Churchill • Rich Russo Realty & Co.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011238
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.