6284 Misty Cove LnColumbusOH43231
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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 6284 Misty Cove Ln, Columbus, OH, 43231 priced at $429,900 pairs $2,954/mo rent with $119/mo cash flow after a $2,104/mo payment. Total monthly income equals $2,954/mo, and annual cash flow comes to $1,431/yr on $142,512 invested. Return on cash invested is 20.91% in year one, and rental yield stands at 8.25% on a $429,900 basis. Equity gained on principal adds $2,774/yr, and 5% annual appreciation accumulates to $118,773 by year five. Five-year ROI measures 108.77% and total cumulative return in cash reaches $155,011. For financing, Ziffy Mortgage’s DSCR program evaluates $2,954/mo property income against a $2,104/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
7,405 sqft lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43231, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,009 (100%) |
| Owner Occupied HU | 4,329 (48.1%) |
| Renter Occupied HU | 4,287 (47.6%) |
| Vacant Housing Units | 393 ( 4.4%) |
| Median Home Value | $271,244 |
| Average Home Value | $307,256 |
Housing Distribution
Address Breakdown
Residential
8,894
Single Family
7,878
Multi-Family
1,016
Businesses
761
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Listed by: Daniel D Arthur • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012031
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.