2930 Sassafras Ln, Columbus, IN, 47203 | $603/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2930 Sassafras Ln, Columbus, IN, 47203 | $603/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Columbus at 2930 Sassafras Ln, Columbus, IN, 47203 offers a 9.58% rental yield on a $315,000 purchase with $2,516/mo rent. Total monthly income registers $2,516/mo, and a $1,542/mo payment leaves $603/mo available for distribution. Annual cash flow reaches $7,237/yr on $104,423 to close, and return on cash invested stands at 26.84% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 139.89% and total cumulative return in cash at $146,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,516/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

SAPCIOUS AND STONE RANCH IN CARRIAGE ESTATES, BEAUTIFULLY LANDSCAPED CORNER LOT WITH FULL PRIVACY FENCED YARD. THERE IS A COVERED PATION AND SCREENED IN PORCH FACING THE BACK YARD. MAIN ENTRANCE OPENS TO A LARGE LIVING ROOM ATTACHED TO THE SCREENED IN PORCH. KITCHEN INCLUDES AN EAT-IN AREA ADJACENT TO THE FORMAL DINING ROOM. THE LARGE STONE HEARTH AND GAS FIEPLACE IS A FEATURE OF THE FAMILY ROOM. LAUNDRY ROOM IS CONVENIENTLY LOCATED ON THE MAIN LEVEL. FINISHED BASEMENT HAS A FULL EGRESS WINDOE AND MANY OPTIONS FOR STORAGE. COULD BE USED AS A 4TH BEDROOM. WATER HEATER NEWIN 2021.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47203, Columbus, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,651 (100%)
Owner Occupied HU	8,468 (72.7%)
Renter Occupied HU	2,677 (23.0%)
Vacant Housing Units	506 ( 4.3%)
Median Home Value	$262,044
Average Home Value	$289,294