516 N Champion AveColumbusOH43203
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow516 N Champion Ave, Columbus, OH, 43203 in Columbus is a solid income-producing rental, 10.03% gross yield, $1,168/mo rent, $248/mo net cash flow on a $139,800 buy. DSCR 1.86 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $38,624 and $1,288/yr in principal reduction project a total cumulative return of $69,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 4.2% |
| Monthly Cash Flow | $248 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,168 |
| Total Monthly Debt Service | $864 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,613 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
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
Single Family
Built in 1920
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saengdao Chaialee-Franklin • Signature Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224041345
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.