2944 Tracer RdColumbusOH43232
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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 2944 Tracer Rd, Columbus, OH, 43232 priced at $259,900 converts $2,074/mo rent into $365/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,074/mo, and annual cash flow totals $4,374/yr on $86,157 invested. Return on cash invested prints 24.99% in year one, and rental yield reads 9.58% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 130.6% and total cumulative return in cash sums $112,522. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,074/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1998
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
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Listed by: Michael P Porchetti • RE/MAX Impact
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225010950
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.