60 Sherman AveColumbusOH43205
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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 60 Sherman Ave, Columbus, OH, 43205 offers a 8.43% rental yield on a $409,600 purchase with $2,876/mo rent. Total monthly income registers $2,876/mo, and a $2,005/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,178/yr on $135,782 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $2,643/yr while 5% annual appreciation supports $113,165 over five years. Portfolio math shows five-year ROI at 111.97% and total cumulative return in cash at $152,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,876/mo property income against a $2,005/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
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