261 N Wayne 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
Investment property for sale in Columbus at 261 N Wayne Ave, Columbus, OH, 43204 uses $65,637 cash to close to unlock $8,240/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $1,989/mo, and a $969/mo payment keeps the spread at $687/mo. Purchase price stands at $197,999, and rental yield measures 12.05% with $1,989/mo rent. Return on cash invested shows 32.46% in year one, and 5% annual appreciation builds toward $54,703 over five years. Five-year ROI reaches 170.69% and total cumulative return in cash records $112,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,989/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1928
3,920 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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Listed by: Anthony Lee • Epique Inc.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011877
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.