491 E Gates StColumbusOH43206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 491 E Gates St, Columbus, OH, 43206 priced at $299,500 pairs $1,980/mo rent with after a $1,466/mo payment. Total monthly income equals $1,980/mo. Return on cash invested is 19.73% in year one, and rental yield stands at 7.93% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 102.47% and total cumulative return in cash reaches $101,735. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1922
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren E Pearson • RE/MAX Consultant Group
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224034497
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.