362 Old Village RdColumbusOH43228
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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 362 Old Village Rd, Columbus, OH, 43228 uses $62,952 cash to close to unlock $6,532/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $929/mo payment keeps the spread at $544/mo. Purchase price stands at $189,900, and rental yield measures 11.33% with $1,793/mo rent. Return on cash invested shows 30.29% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 159.06% and total cumulative return in cash records $100,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43228, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,041 (100%) |
| Owner Occupied HU | 9,837 (37.8%) |
| Renter Occupied HU | 14,463 (55.5%) |
| Vacant Housing Units | 1,741 ( 6.7%) |
| Median Home Value | $240,944 |
| Average Home Value | $262,597 |
Housing Distribution
Address Breakdown
Residential
25,046
Single Family
22,277
Multi-Family
2,769
Businesses
1,812
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Listed by: Tim G Russell • CENTURY 21 Capital Gold
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224028955
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.