2242 Indiana AveColumbusOH43202
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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 2242 Indiana Ave, Columbus, OH, 43202 offers a 9.21% rental yield on a $124,900 purchase with $959/mo rent. Total monthly income registers $959/mo, and a $611/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,653/yr on $41,404 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 124.76% and total cumulative return in cash at $51,658. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $959/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43202, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,071 (100%) |
| Owner Occupied HU | 3,001 (27.1%) |
| Renter Occupied HU | 7,341 (66.3%) |
| Vacant Housing Units | 729 ( 6.6%) |
| Median Home Value | $352,514 |
| Average Home Value | $373,580 |
Housing Distribution
Address Breakdown
Residential
10,496
Single Family
7,020
Multi-Family
3,476
Businesses
476
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