5840 Hallridge Cir APT AColumbusOH43232
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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 5840 Hallridge Cir APT A, Columbus, OH, 43232 priced at $116,700 converts $1,220/mo rent into $207/mo cash flow after a $571/mo obligation. Total monthly income equals $1,220/mo, and annual cash flow totals $2,479/yr on $38,686 invested. Return on cash invested prints 26.32% in year one, and rental yield reads 12.54% against a $116,700 entry. Equity gained on principal adds $753/yr, while 5% annual appreciation compiles into $32,242 by year five. Five-year ROI reaches 140.55% and total cumulative return in cash sums $54,375. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,220/mo property income covering a $571/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$246 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
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Listed by: DeLena Ciamacco • RE/MAX Connection
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225014653
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.