508 E Welch AveColumbusOH43207
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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 508 E Welch Ave, Columbus, OH, 43207 offers $1,864/mo rent that, after a $978/mo payment, leaves $550/mo cash flow. Total monthly income is $1,864/mo, and annual cash flow is $6,594/yr on $66,267 cash. Return on cash invested measures 29.86% in year one, and rental yield stands at 11.19% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 156.75% and total cumulative return in cash reaches $103,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,864/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1904
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43207, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,723 (100%) |
| Owner Occupied HU | 11,558 (55.8%) |
| Renter Occupied HU | 7,625 (36.8%) |
| Vacant Housing Units | 1,540 ( 7.4%) |
| Median Home Value | $188,105 |
| Average Home Value | $238,076 |
Housing Distribution
Address Breakdown
Residential
20,050
Single Family
18,258
Multi-Family
1,792
Businesses
1,238
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Listed by: Jaysen E Barlow • Sell For One Percent
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225023901
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.