1620 E Broad St APT 206ColumbusOH43203
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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
Total monthly income runs $1,453/mo, and a $954/mo payment. Purchase price stands at $195,000, and rental yield measures 8.94% with $1,453/mo rent. Return on cash invested shows 2.51% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 17.5% and total cumulative return in cash records $11,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,453/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1961
1,742 sqft lot
$N/A/sqft
$1,098 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43203, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 1,217 (23.0%) |
| Renter Occupied HU | 3,198 (60.5%) |
| Vacant Housing Units | 868 (16.4%) |
| Median Home Value | $324,925 |
| Average Home Value | $381,072 |
Housing Distribution
Address Breakdown
Residential
4,478
Single Family
2,909
Multi-Family
1,569
Businesses
240
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Listed by: Ryan J Ruehle • EXP Realty, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225013711
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.