523 Hanford StColumbusOH43206
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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 523 Hanford St, Columbus, OH, 43206 uses $92,654 cash to close to unlock $5,778/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $2,320/mo, and a $1,368/mo payment keeps the spread at $482/mo. Purchase price stands at $279,500, and rental yield measures 9.96% with $2,320/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 136.8% and total cumulative return in cash records $126,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,320/mo property income covering a $1,368/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
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