1609 Meridian StColumbusIN47201
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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 1609 Meridian St, Columbus, IN, 47201 uses $62,952 cash to close to unlock $2,718/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,366/mo, and a $929/mo payment keeps the spread at $227/mo. Purchase price stands at $189,900, and rental yield measures 8.63% with $1,366/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 125.8% and total cumulative return in cash records $79,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,366/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47201, Columbus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,886 (100%) |
| Owner Occupied HU | 12,483 (59.8%) |
| Renter Occupied HU | 6,801 (32.6%) |
| Vacant Housing Units | 1,602 ( 7.7%) |
| Median Home Value | $258,047 |
| Average Home Value | $310,103 |
Housing Distribution
Address Breakdown
Residential
20,141
Single Family
19,109
Multi-Family
1,032
Businesses
1,506
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