2874 Grasmere AveColumbusOH43224
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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 2874 Grasmere Ave, Columbus, OH, 43224 offers a 9.24% rental yield on a $142,500 purchase with $1,097/mo rent. Total monthly income registers $1,097/mo, and a $697/mo payment leaves $160/mo available for distribution. Annual cash flow reaches $1,921/yr on $47,239 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $920/yr while 5% annual appreciation supports $39,370 over five years. Portfolio math shows five-year ROI at 125.24% and total cumulative return in cash at $59,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,097/mo property income against a $697/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
4,791 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
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