516 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
Rental property for sale in Columbus at 516 N Champion Ave, Columbus, OH, 43203 generates $1,168/mo in rent and, after a $684/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,168/mo, and annual cash flow is $2,984/yr on $46,344 invested. Return on cash invested sits at 26.35% in year one, and rental yield is 10.03% on a $139,800 entry. Equity gained on principal adds $902/yr, while 5% annual appreciation builds toward $38,624 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash sums $63,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,168/mo property income rather than buyer’s personal income.
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
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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.