291 N Drexel AveColumbusOH43209
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Columbus at 291 N Drexel Ave, Columbus, OH, 43209 projects strong ROI of -2.31%. Rental yield 0.84%. With 5% annual appreciation, the property builds $1,367,594 in value over five years. Equity growth combined delivers a projected five-year ROI of 0.99%, translating into $13,803 in total cumulative return on $1,398,375 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.8% | 4.2% |
| Monthly Cash Flow | $(29,083) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,477 |
| Total Monthly Debt Service | $30,591 |
| DSCR Ratio | 0.11x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1927
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43209, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,799 (100%) |
| Owner Occupied HU | 6,760 (52.8%) |
| Renter Occupied HU | 5,116 (40.0%) |
| Vacant Housing Units | 923 ( 7.2%) |
| Median Home Value | $417,341 |
| Average Home Value | $492,724 |
Housing Distribution
Address Breakdown
Residential
12,028
Single Family
10,198
Multi-Family
1,830
Businesses
783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1927
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43209, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,799 (100%) |
| Owner Occupied HU | 6,760 (52.8%) |
| Renter Occupied HU | 5,116 (40.0%) |
| Vacant Housing Units | 923 ( 7.2%) |
| Median Home Value | $417,341 |
| Average Home Value | $492,724 |
Housing Distribution
Address Breakdown
Residential
12,028
Single Family
10,198
Multi-Family
1,830
Businesses
783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael D Carruthers • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225027759
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.