63 Stevens AveColumbusOH43222
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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 63 Stevens Ave, Columbus, OH, 43222 priced at $299,000 converts $2,068/mo rent into $102/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,068/mo, and annual cash flow totals $1,220/yr on $99,119 invested. Return on cash invested prints 21.14% in year one, and rental yield reads 8.3% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 109.95% and total cumulative return in cash sums $108,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,068/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1912
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43222, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,255 (100%) |
| Owner Occupied HU | 620 (27.5%) |
| Renter Occupied HU | 1,203 (53.3%) |
| Vacant Housing Units | 432 (19.2%) |
| Median Home Value | $136,047 |
| Average Home Value | $213,230 |
Housing Distribution
Address Breakdown
Residential
1,888
Single Family
1,709
Multi-Family
179
Businesses
253
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