1935 Eddystone AveColumbusOH43224
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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 1935 Eddystone Ave, Columbus, OH, 43224 offers a 10.85% rental yield on a $140,000 purchase with $1,266/mo rent. Total monthly income registers $1,266/mo, and a $685/mo payment leaves $345/mo available for distribution. Annual cash flow reaches $4,144/yr on $46,410 to close, and return on cash invested stands at 28.84% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 151.31% and total cumulative return in cash at $70,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,266/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1954
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43224, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,678 (100%) |
| Owner Occupied HU | 8,030 (43.0%) |
| Renter Occupied HU | 9,316 (49.9%) |
| Vacant Housing Units | 1,332 ( 7.1%) |
| Median Home Value | $177,329 |
| Average Home Value | $238,273 |
Housing Distribution
Address Breakdown
Residential
17,308
Single Family
15,683
Multi-Family
1,625
Businesses
867
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Listed by: Michael L Morgan • Heart & HomePropertyManagement
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225007840
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.