2322 Mecca RdColumbusOH43224
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 2322 Mecca Rd, Columbus, OH, 43224 priced at $196,000 pairs $1,733/mo rent with $444/mo cash flow after a $959/mo payment. Total monthly income equals $1,733/mo, and annual cash flow comes to $5,329/yr on $64,974 invested. Return on cash invested is 28.11% in year one, and rental yield stands at 10.61% on a $196,000 basis. Equity gained on principal adds $1,265/yr, and 5% annual appreciation accumulates to $54,151 by year five. Five-year ROI measures 147.4% and total cumulative return in cash reaches $95,772. For financing, Ziffy Mortgage’s DSCR program evaluates $1,733/mo property income against a $959/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43224, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,678 (100%) |
| Owner Occupied HU | 8,030 (43.0%) |
| Renter Occupied HU | 9,316 (49.9%) |
| Vacant Housing Units | 1,332 ( 7.1%) |
| Median Home Value | $177,329 |
| Average Home Value | $238,273 |
Housing Distribution
Address Breakdown
Residential
17,308
Single Family
15,683
Multi-Family
1,625
Businesses
867
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natalie Kurpita • The Westwood Real Estate Co.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015542
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.