4655 Merrimar Cir E APT EColumbusOH43220
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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 4655 Merrimar Cir E APT E, Columbus, OH, 43220 uses $49,725 cash to close to unlock $438/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $734/mo payment keeps the spread at $37/mo. Purchase price stands at $150,000, and rental yield measures 10.76% with $1,345/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 110.93% and total cumulative return in cash records $55,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1970
871.20 sqft lot
$N/A/sqft
$322 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43220, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,493 (100%) |
| Owner Occupied HU | 7,004 (51.9%) |
| Renter Occupied HU | 5,843 (43.3%) |
| Vacant Housing Units | 646 ( 4.8%) |
| Median Home Value | $476,011 |
| Average Home Value | $545,551 |
Housing Distribution
Address Breakdown
Residential
13,109
Single Family
11,902
Multi-Family
1,207
Businesses
1,192
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Listed by: Julie A Esker • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225029314
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.