3024 E 6th AveColumbusOH43219
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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 3024 E 6th Ave, Columbus, OH, 43219 uses $54,664 cash to close to unlock $5,717/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $1,561/mo, and a $807/mo payment keeps the spread at $476/mo. Purchase price stands at $164,900, and rental yield measures 11.36% with $1,561/mo rent. Return on cash invested shows 30.37% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 159.49% and total cumulative return in cash records $87,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,561/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1905
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43219, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,349 (100%) |
| Owner Occupied HU | 5,102 (35.6%) |
| Renter Occupied HU | 7,814 (54.5%) |
| Vacant Housing Units | 1,433 ( 10.0%) |
| Median Home Value | $213,152 |
| Average Home Value | $247,694 |
Housing Distribution
Address Breakdown
Residential
13,061
Single Family
11,863
Multi-Family
1,198
Businesses
1,631
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Listed by: James E Ross • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224042550
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.