2977 Ironstone DrColumbusOH43231
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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 2977 Ironstone Dr, Columbus, OH, 43231 generates $2,279/mo in rent and, after a $1,514/mo payment, leaves $244/mo in cash flow. Total monthly income is $2,279/mo, and annual cash flow is $2,930/yr on $102,566 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 8.84% on a $309,400 entry. Equity gained on principal adds $1,997/yr, while 5% annual appreciation builds toward $85,482 over five years. Five-year ROI reaches 118.7% and total cumulative return in cash sums $121,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,279/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43231, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,009 (100%) |
| Owner Occupied HU | 4,329 (48.1%) |
| Renter Occupied HU | 4,287 (47.6%) |
| Vacant Housing Units | 393 ( 4.4%) |
| Median Home Value | $271,244 |
| Average Home Value | $307,256 |
Housing Distribution
Address Breakdown
Residential
8,894
Single Family
7,878
Multi-Family
1,016
Businesses
761
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