319 W 2nd AveColumbusOH43201
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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 319 W 2nd Ave, Columbus, OH, 43201 uses $159,120 cash to close to unlock $4,392/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $3,523/mo, and a $2,349/mo payment keeps the spread at $366/mo. Purchase price stands at $480,000, and rental yield measures 8.81% with $3,523/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 118.14% and total cumulative return in cash records $187,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,523/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Condo
Built in 2003
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43201, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,534 (100%) |
| Owner Occupied HU | 2,390 (11.1%) |
| Renter Occupied HU | 16,148 (75.0%) |
| Vacant Housing Units | 2,996 (13.9%) |
| Median Home Value | $471,933 |
| Average Home Value | $467,571 |
Housing Distribution
Address Breakdown
Residential
18,494
Single Family
11,190
Multi-Family
7,304
Businesses
878
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