587 Richards RdColumbusOH43214
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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 587 Richards Rd, Columbus, OH, 43214 earns $70/mo cash flow from $2,700/mo rent with a $1,957/mo payment. Total monthly income totals $2,700/mo, and annual cash flow totals $841/yr on $132,526 capital. ROI tracks 20.54% on current figures, and rental yield reads 8.1% at a $399,777 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,451 over five years. Five-year ROI reaches 106.79% and total cumulative return in cash sums $141,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,700/mo property income instead of your personal income.
Single Family
Built in 1940
6,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43214, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,140 (100%) |
| Owner Occupied HU | 8,030 (56.8%) |
| Renter Occupied HU | 5,358 (37.9%) |
| Vacant Housing Units | 752 ( 5.3%) |
| Median Home Value | $393,314 |
| Average Home Value | $430,495 |
Housing Distribution
Address Breakdown
Residential
13,899
Single Family
10,643
Multi-Family
3,256
Businesses
1,300
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