488 Three Oaks CtColumbusOH43230
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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 488 Three Oaks Ct, Columbus, OH, 43230 priced at $217,000 converts $1,560/mo rent into $133/mo cash flow after a $1,062/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $1,593/yr on $71,936 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 8.63% against a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,953 by year five. Five-year ROI reaches 115.24% and total cumulative return in cash sums $82,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,062/mo payment, not borrower’s personal income.
Condo
Built in 1994
1,742 sqft lot
$N/A/sqft
No 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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