2887 E 6th AveColumbusOH43219
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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 2887 E 6th Ave, Columbus, OH, 43219 generates $1,162/mo in rent and, after a $673/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,162/mo, and annual cash flow is $3,090/yr on $45,581 invested. Return on cash invested sits at 26.69% in year one, and rental yield is 10.14% on a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 139.75% and total cumulative return in cash sums $63,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,162/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43219, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,349 (100%) |
| Owner Occupied HU | 5,102 (35.6%) |
| Renter Occupied HU | 7,814 (54.5%) |
| Vacant Housing Units | 1,433 ( 10.0%) |
| Median Home Value | $213,152 |
| Average Home Value | $247,694 |
Housing Distribution
Address Breakdown
Residential
13,061
Single Family
11,863
Multi-Family
1,198
Businesses
1,631
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Listed by: Kristopher W Shannon • Fiv Realty Co Ohio LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011497
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.