537 W 3rd AveColumbusOH43201
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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 537 W 3rd Ave, Columbus, OH, 43201 uses $118,014 cash to close to unlock $2,889/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $2,582/mo, and a $1,742/mo payment keeps the spread at $241/mo. Purchase price stands at $356,000, and rental yield measures 8.7% with $2,582/mo rent. Return on cash invested shows 22.36% in year one, and 5% annual appreciation builds toward $98,356 over five years. Five-year ROI reaches 116.48% and total cumulative return in cash records $137,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $1,742/mo payment rather than investor’s personal income.
Condo
Built in 1900
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43201, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,534 (100%) |
| Owner Occupied HU | 2,390 (11.1%) |
| Renter Occupied HU | 16,148 (75.0%) |
| Vacant Housing Units | 2,996 (13.9%) |
| Median Home Value | $471,933 |
| Average Home Value | $467,571 |
Housing Distribution
Address Breakdown
Residential
18,494
Single Family
11,190
Multi-Family
7,304
Businesses
878
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