601 Morse 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
Rental property for sale in Columbus at 601 Morse Rd, Columbus, OH, 43214 offers $2,400/mo rent that, after a $1,361/mo payment, leaves $571/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $6,852/yr on $92,157 cash. Return on cash invested measures 27.34% in year one, and rental yield stands at 10.36% at a $278,000 entry. Equity gained on principal adds $1,794/yr while 5% annual appreciation compounds into $76,806 by year five. Five-year ROI records 143.28% and total cumulative return in cash reaches $132,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,361/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
4,356 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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