309 S Terrace AveColumbusOH43204
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 309 S Terrace Ave, Columbus, OH, 43204 offers a 11% rental yield on a $137,500 purchase with $1,260/mo rent. Total monthly income registers $1,260/mo, and a $673/mo payment leaves $356/mo available for distribution. Annual cash flow reaches $4,266/yr on $45,581 to close, and return on cash invested stands at 29.27% in year one. Equity gained on principal adds $887/yr while 5% annual appreciation supports $37,989 over five years. Portfolio math shows five-year ROI at 153.6% and total cumulative return in cash at $70,013. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,260/mo property income against a $673/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43204, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 8,694 (45.1%) |
| Renter Occupied HU | 8,953 (46.5%) |
| Vacant Housing Units | 1,618 ( 8.4%) |
| Median Home Value | $208,239 |
| Average Home Value | $272,286 |
Housing Distribution
Address Breakdown
Residential
18,142
Single Family
16,419
Multi-Family
1,723
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices