2303 Midway StColumbusIN47201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Columbus at 2303 Midway St, Columbus, IN, 47201 priced at $207,761 converts $1,705/mo rent into $458/mo cash flow after a $1,017/mo obligation. Total monthly income equals $1,705/mo, and annual cash flow totals $5,493/yr on $68,873 invested. Return on cash invested prints 27.88% in year one, and rental yield reads 9.85% against a $207,761 entry. Equity gained on principal adds $1,341/yr, while 5% annual appreciation compiles into $57,401 by year five. Five-year ROI reaches 145.38% and total cumulative return in cash sums $100,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,705/mo property income covering a $1,017/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47201, Columbus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,886 (100%) |
| Owner Occupied HU | 12,483 (59.8%) |
| Renter Occupied HU | 6,801 (32.6%) |
| Vacant Housing Units | 1,602 ( 7.7%) |
| Median Home Value | $258,047 |
| Average Home Value | $310,103 |
Housing Distribution
Address Breakdown
Residential
20,141
Single Family
19,109
Multi-Family
1,032
Businesses
1,506
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Listed by: Leigh Burchyett • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22038183
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 04:42:47 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)