3620 Walmar DrColumbusOH43224
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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 3620 Walmar Dr, Columbus, OH, 43224 offers a 9.08% rental yield on a $170,000 purchase with $1,286/mo rent. Total monthly income registers $1,286/mo, and a $832/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,014/yr on $56,355 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 122.54% and total cumulative return in cash at $69,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,286/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43224, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,678 (100%) |
| Owner Occupied HU | 8,030 (43.0%) |
| Renter Occupied HU | 9,316 (49.9%) |
| Vacant Housing Units | 1,332 ( 7.1%) |
| Median Home Value | $177,329 |
| Average Home Value | $238,273 |
Housing Distribution
Address Breakdown
Residential
17,308
Single Family
15,683
Multi-Family
1,625
Businesses
867
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Listed by: Kristin M Bell • ValEquity Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225035497
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.