516 Pamlico StColumbusOH43228
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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 516 Pamlico St, Columbus, OH, 43228 uses $69,582 cash to close to unlock $2,084/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $1,027/mo payment keeps the spread at $174/mo. Purchase price stands at $209,900, and rental yield measures 8.88% with $1,554/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 119.42% and total cumulative return in cash records $83,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
25,046
Single Family
22,277
Multi-Family
2,769
Businesses
1,812
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