515-517 N Champion AveColumbusOH43203
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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 515-517 N Champion Ave, Columbus, OH, 43203 uses $72,101 cash to close to unlock $2,698/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,656/mo, and a $1,065/mo payment keeps the spread at $225/mo. Purchase price stands at $217,500, and rental yield measures 9.14% with $1,656/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $60,091 over five years. Five-year ROI reaches 123.42% and total cumulative return in cash records $88,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $1,065/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43203, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,283 (100%) |
| Owner Occupied HU | 1,217 (23.0%) |
| Renter Occupied HU | 3,198 (60.5%) |
| Vacant Housing Units | 868 (16.4%) |
| Median Home Value | $324,925 |
| Average Home Value | $381,072 |
Housing Distribution
Address Breakdown
Residential
4,478
Single Family
2,909
Multi-Family
1,569
Businesses
240
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