2924 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 2924 Grasmere Ave, Columbus, OH, 43224 uses $53,869 cash to close to unlock $10,434/yr annual cash flow and $869/mo monthly cash flow. Total monthly income runs $1,938/mo, and a $795/mo payment keeps the spread at $869/mo. Purchase price stands at $162,500, and rental yield measures 14.31% with $1,938/mo rent. Return on cash invested shows 39.28% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 207.27% and total cumulative return in cash records $111,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1936
5,227 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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Listed by: Alan S Jones • RE/MAX Achievers
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224036337
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.