1623 W Arcadia AveColumbusOH43207
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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 1623 W Arcadia Ave, Columbus, OH, 43207 uses $68,215 cash to close to unlock $6,343/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,882/mo, and a $1,007/mo payment keeps the spread at $529/mo. Purchase price stands at $205,777, and rental yield measures 10.97% with $1,882/mo rent. Return on cash invested shows 29.21% in year one, and 5% annual appreciation builds toward $56,852 over five years. Five-year ROI reaches 153.25% and total cumulative return in cash records $104,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,882/mo property income covering a $1,007/mo payment rather than investor’s personal income.
Single Family
Built in 1999
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43207, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,723 (100%) |
| Owner Occupied HU | 11,558 (55.8%) |
| Renter Occupied HU | 7,625 (36.8%) |
| Vacant Housing Units | 1,540 ( 7.4%) |
| Median Home Value | $188,105 |
| Average Home Value | $238,076 |
Housing Distribution
Address Breakdown
Residential
20,050
Single Family
18,258
Multi-Family
1,792
Businesses
1,238
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Listed by: William A Mickey • RE/MAX Premier Choice
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224032655
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.