3038 Indianola AveColumbusOH43202
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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 3038 Indianola Ave, Columbus, OH, 43202 uses $86,190 cash to close to unlock $391/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,774/mo, and a $1,273/mo payment keeps the spread at $33/mo. Purchase price stands at $260,000, and rental yield measures 8.19% with $1,774/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 105.96% and total cumulative return in cash records $91,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,774/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43202, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,071 (100%) |
| Owner Occupied HU | 3,001 (27.1%) |
| Renter Occupied HU | 7,341 (66.3%) |
| Vacant Housing Units | 729 ( 6.6%) |
| Median Home Value | $352,514 |
| Average Home Value | $373,580 |
Housing Distribution
Address Breakdown
Residential
10,496
Single Family
7,020
Multi-Family
3,476
Businesses
476
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Listed by: Gerard P O'Neil • C. R. O'Neil & Co.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225019835
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