2999 Lakefront Lot with basement Plan, Spring Hill LakeColumbusIN47201
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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
Investment property for sale in Columbus at 2999 Lakefront Lot with basement Plan, Spring Hill Lake, Columbus, IN, 47201 offers a 4.99% rental yield on a $504,700 purchase with $2,100/mo rent. 34% in year one. Equity gained on principal adds $3,257/yr while 5% annual appreciation supports $139,439 over five years. Portfolio math shows five-year ROI at 67.37% and total cumulative return in cash at $111,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $2,470/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47201, Columbus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,886 (100%) |
| Owner Occupied HU | 12,483 (59.8%) |
| Renter Occupied HU | 6,801 (32.6%) |
| Vacant Housing Units | 1,602 ( 7.7%) |
| Median Home Value | $258,047 |
| Average Home Value | $310,103 |
Housing Distribution
Address Breakdown
Residential
20,141
Single Family
19,109
Multi-Family
1,032
Businesses
1,506
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