2991 Gannett AveColumbusOH43231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Columbus at 2991 Gannett Ave, Columbus, OH, 43231 offers a 9.12% rental yield on a $299,900 purchase with $2,279/mo rent. Total monthly income registers $2,279/mo, and a $1,468/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,674/yr on $99,417 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 123.21% and total cumulative return in cash at $122,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,279/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices