562 Loveman AveColumbusOH43085
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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 562 Loveman Ave, Columbus, OH, 43085 priced at $375,000 converts $2,708/mo rent into $242/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,708/mo, and annual cash flow totals $2,901/yr on $124,313 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 8.67% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 115.86% and total cumulative return in cash sums $144,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,708/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43085, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,532 (67.6%) |
| Renter Occupied HU | 3,206 (28.8%) |
| Vacant Housing Units | 405 ( 3.6%) |
| Median Home Value | $402,258 |
| Average Home Value | $434,506 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
10,074
Multi-Family
610
Businesses
1,440
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