494 Redmond Rd, Columbus, OH, 43228 | $331/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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494 Redmond Rd, Columbus, OH, 43228 | $331/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Columbus at 494 Redmond Rd, Columbus, OH, 43228 offers $1,778/mo rent that, after a $1,077/mo payment, leaves $331/mo cash flow. Total monthly income is $1,778/mo, and annual cash flow is $3,968/yr on $72,930 cash. Return on cash invested measures 25.35% in year one, and rental yield stands at 9.7% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 132.54% and total cumulative return in cash reaches $96,659. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,778/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1961

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

This Lincoln Village Ranch home offers approximately 1,039 square feet of living space and sits on a generous lot of approximately 0.22 acres. The property features a practical layout with three bedrooms and one full bathroom. The primary bedroom provides ample space and privacy, while the two additional bedrooms offer flexible usage options. The one-bathroom configuration is centrally located and accessible from the main living areas. The large lot offers a private backyard with a patio and pergola, providing a serene outdoor oasis. A finished room in the garage adds versatility, allowing for a variety of uses, such as a home office, hobby space, or additional storage. Needs a little TLC but come check it out and make it your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 43228, Columbus, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,041 (100%)
Owner Occupied HU	9,837 (37.8%)
Renter Occupied HU	14,463 (55.5%)
Vacant Housing Units	1,741 ( 6.7%)
Median Home Value	$240,944
Average Home Value	$262,597