222 Ballard DrColumbusOH43230
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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 222 Ballard Dr, Columbus, OH, 43230 uses $128,489 cash to close to unlock $1,994/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $2,756/mo, and a $1,897/mo payment keeps the spread at $166/mo. Purchase price stands at $387,600, and rental yield measures 8.53% with $2,756/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $107,087 over five years. Five-year ROI reaches 111.84% and total cumulative return in cash records $143,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,756/mo property income covering a $1,897/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43230, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,224 (100%) |
| Owner Occupied HU | 15,181 (57.9%) |
| Renter Occupied HU | 9,959 (38.0%) |
| Vacant Housing Units | 1,084 ( 4.1%) |
| Median Home Value | $320,982 |
| Average Home Value | $359,679 |
Housing Distribution
Address Breakdown
Residential
25,618
Single Family
22,474
Multi-Family
3,144
Businesses
1,801
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Listed by: Daniel J Beirne • Opendoor Brokerage LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224003617
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.