3510 Lantern LnColumbusIN47203
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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 3510 Lantern Ln, Columbus, IN, 47203 uses $102,434 cash to close to unlock $4,542/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,512/mo payment keeps the spread at $379/mo. Purchase price stands at $309,000, and rental yield measures 8.67% with $2,233/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 126.39% and total cumulative return in cash records $129,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.25 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,286
Single Family
10,887
Multi-Family
399
Businesses
372
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