3231 Overlook Ct, Columbus, IN, 47203 | 3.83% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3231 Overlook Ct, Columbus, IN, 47203 | 3.83% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Columbus at 3231 Overlook Ct, Columbus, IN, 47203 listed at $479,900 pairs $1,531/mo rent with a $2,349/mo payment. Total monthly income runs $1,531/mo. Return on cash invested measures 9.73% in year one, and rental yield registers 3.83% at a $479,900 basis. Equity gained on principal adds $3,097/yr, and annual property appreciation at 5% supports $132,588 by year five. Five-year ROI tracks 48.02% and total cumulative return in cash totals $76,389. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,531/mo property income relative to a $2,349/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2009

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Amazing opportunity on this custom built brick ranch home with a full finished basement with so much to offer! Open concept living space with hardwood floors throughout which flow seamlessly from living room, dining room and kitchen, accentuated with dentil crown molding! Kitchen features breakfast bar, breakfast nook, custom cabinetry, and stainless appliances! Master suite with patio door, tray ceiling, double vanity, tiled shower, separate jacuzzi tub, and large walk-in closet! Finished basement features 9 ft ceiling, a wet bar with refrigerator hookup, a large rec room perfect for parties and capable of holding your pool/ping pong tables, etc, and a theater room with projector and screen and surround sound! Basement bedroom is very spacious with sitting/office/gaming area and walk in closet! Covered patio, wrought iron fenced in backyard, and a basketball goal in the driveway as well! Brand new roof just installed Sept 2025 and many other newer fixtures and components!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47203, Columbus, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,651 (100%)
Owner Occupied HU	8,468 (72.7%)
Renter Occupied HU	2,677 (23.0%)
Vacant Housing Units	506 ( 4.3%)
Median Home Value	$262,044
Average Home Value	$289,294