1602 Franklin AveColumbusOH43205
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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 1602 Franklin Ave, Columbus, OH, 43205 earns from $2,489/mo rent with a $2,242/mo payment. Total monthly income totals $2,489/mo. ROI tracks 15.77% on current figures, and rental yield reads 6.52% at a $458,000 purchase. Equity gained on principal adds $2,955/yr, and 5% annual appreciation supports $126,537 over five years. Five-year ROI reaches 81.17% and total cumulative return in cash sums $123,237. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,489/mo property income instead of your personal income.
Single Family
Built in 1914
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
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Listed by: Nancy C Baker • Engel & Volkers Real Estate Advisors
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015977
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.