24 N Princeton Ave #24ColumbusOH43222
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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 24 N Princeton Ave #24, Columbus, OH, 43222 generates $1,205/mo in rent and, after a $734/mo payment, leaves $219/mo in cash flow. Total monthly income is $1,205/mo, and annual cash flow is $2,622/yr on $49,725 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 9.64% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 131.68% and total cumulative return in cash sums $65,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43222, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,255 (100%) |
| Owner Occupied HU | 620 (27.5%) |
| Renter Occupied HU | 1,203 (53.3%) |
| Vacant Housing Units | 432 (19.2%) |
| Median Home Value | $136,047 |
| Average Home Value | $213,230 |
Housing Distribution
Address Breakdown
Residential
1,888
Single Family
1,709
Multi-Family
179
Businesses
253
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Listed by: Tracy L Hess • Hess Realty Group, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225009835
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.