3118 Legion LnColumbusOH43232
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
Rental property for sale in Columbus at 3118 Legion Ln, Columbus, OH, 43232 priced at $242,000 converts $1,935/mo rent into $344/mo cash flow after a $1,184/mo obligation. Total monthly income equals $1,935/mo, and annual cash flow totals $4,124/yr on $80,223 invested. Return on cash invested prints 25.05% in year one, and rental yield reads 9.6% against a $242,000 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation compiles into $66,860 by year five. Five-year ROI reaches 130.92% and total cumulative return in cash sums $105,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,935/mo property income covering a $1,184/mo payment, not borrower’s personal income.
Single Family
Built in 2002
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices