2940 Belmar RdColumbusOH43209
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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 2940 Belmar Rd, Columbus, OH, 43209 priced at $250,000 converts $1,748/mo rent into $97/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,748/mo, and annual cash flow totals $1,165/yr on $82,875 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 8.39% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 110.98% and total cumulative return in cash sums $91,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,748/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1957
10,454 sqft 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
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Listed by: Jeffery W Ruff • Cutler Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225013113
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.