231 S Richardson AveColumbusOH43204
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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
Rental property for sale in Columbus at 231 S Richardson Ave, Columbus, OH, 43204 priced at $186,900 converts $1,784/mo rent into $546/mo cash flow after a $915/mo obligation. Total monthly income equals $1,784/mo, and annual cash flow totals $6,557/yr on $61,957 invested. Return on cash invested prints 30.49% in year one, and rental yield reads 11.45% against a $186,900 entry. Equity gained on principal adds $1,206/yr, while 5% annual appreciation compiles into $51,637 by year five. Five-year ROI reaches 160.19% and total cumulative return in cash sums $99,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,784/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43204, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 8,694 (45.1%) |
| Renter Occupied HU | 8,953 (46.5%) |
| Vacant Housing Units | 1,618 ( 8.4%) |
| Median Home Value | $208,239 |
| Average Home Value | $272,286 |
Housing Distribution
Address Breakdown
Residential
18,142
Single Family
16,419
Multi-Family
1,723
Businesses
894
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