2985 Footloose 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 2985 Footloose Dr, Columbus, OH, 43231 generates $2,658/mo in rent and, after a $1,639/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,658/mo, and annual cash flow is $5,463/yr on $111,019 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 9.52% on a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 129.76% and total cumulative return in cash sums $144,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,658/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
5,885 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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