652 Olde Towne Ave UNIT 9-652EColumbusOH43214
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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 652 Olde Towne Ave UNIT 9-652E, Columbus, OH, 43214 uses $56,189 cash to close to unlock $6,848/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,686/mo, and a $830/mo payment keeps the spread at $571/mo. Purchase price stands at $169,500, and rental yield measures 11.94% with $1,686/mo rent. Return on cash invested shows 32.1% in year one, and 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 168.73% and total cumulative return in cash records $94,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,686/mo property income covering a $830/mo payment rather than investor’s personal income.
Condo
Built in 1970
435.60 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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