60 E Spring St APT 401ColumbusOH43215
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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
Total monthly income runs $1,656/mo, and a $1,251/mo payment. Purchase price stands at $255,500, and rental yield measures 7.78% with $1,656/mo rent. Return on cash invested shows 19.55% in year one, and 5% annual appreciation builds toward $70,590 over five years. Five-year ROI reaches 101.44% and total cumulative return in cash records $85,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $1,251/mo payment rather than investor’s personal income.
Condo
Built in 2005
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43215, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,175 (100%) |
| Owner Occupied HU | 2,407 (12.6%) |
| Renter Occupied HU | 13,478 (70.3%) |
| Vacant Housing Units | 3,290 (17.2%) |
| Median Home Value | $532,616 |
| Average Home Value | $596,548 |
Housing Distribution
Address Breakdown
Residential
14,281
Single Family
5,540
Multi-Family
8,741
Businesses
2,921
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