261 Lear St #17ColumbusOH43206
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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 261 Lear St #17, Columbus, OH, 43206 generates $2,292/mo in rent, after a $1,664/mo payment. Total monthly income is $2,292/mo. Return on cash invested sits at 15.56% in year one, and rental yield is 8.09% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 81.83% and total cumulative return in cash sums $92,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,292/mo property income rather than buyer’s personal income.
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
$464 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
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Listed by: Butch Wahlsmith • Redfin Corporation
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012054
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.