3947 Summerstone DrColumbusOH43230
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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
Rental property for sale in Columbus at 3947 Summerstone Dr, Columbus, OH, 43230 offers $2,328/mo rent that, after a $1,590/mo payment, leaves $182/mo cash flow. Total monthly income is $2,328/mo, and annual cash flow is $2,178/yr on $107,704 cash. Return on cash invested measures 21.93% in year one, and rental yield stands at 8.6% at a $324,900 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,764 by year five. Five-year ROI records 114.24% and total cumulative return in cash reaches $123,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,328/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2011
0.35 Acres lot
$N/A/sqft
$115 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43230, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,224 (100%) |
| Owner Occupied HU | 15,181 (57.9%) |
| Renter Occupied HU | 9,959 (38.0%) |
| Vacant Housing Units | 1,084 ( 4.1%) |
| Median Home Value | $320,982 |
| Average Home Value | $359,679 |
Housing Distribution
Address Breakdown
Residential
25,618
Single Family
22,474
Multi-Family
3,144
Businesses
1,801
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Listed by: Deborah M Smallwood • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225011909
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.