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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Columbus at 2231 Reston Ln, Columbus, IN, 47203 with 5% annual appreciation on a $359,900 basis while $2,520/mo rent supports operations. Total monthly income totals $2,520/mo and a $1,762/mo payment preserves $325/mo for cash returns. Annual cash flow comes to $3,903/yr on $119,307 deployed, and return on cash invested reaches 23.18% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 8.4%. Five-year ROI measures 120.29% and total cumulative return in cash totals $143,510.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,520/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
9,583 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood data shown for ZIP Code: 47203, Columbus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,651 (100%) |
| Owner Occupied HU | 8,468 (72.7%) |
| Renter Occupied HU | 2,677 (23.0%) |
| Vacant Housing Units | 506 ( 4.3%) |
| Median Home Value | $262,044 |
| Average Home Value | $289,294 |
Residential
11,286
Single Family
10,887
Multi-Family
399
Businesses
372
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Listed for sale | $359,900 |
| 2025-05-23 | Listing removed | $359,900 |
| 2025-05-09 | Price change | $359,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-24 | $3293.62 | 5.43% | $294,200 | 1.55% |
| 2023-06-24 | $3123.92 | 17.48% | $289,700 | 5.88% |
| 2022-06-24 | $2659.08 | 7.71% | $273,600 | 18.03% |
What's Special
Access Only
Listed by: Kelly Dather • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22027709
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-24 07:32:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
