653 E Gates StColumbusOH43206
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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 653 E Gates St, Columbus, OH, 43206 generates $1,451/mo in rent and, after a $857/mo payment, leaves $280/mo in cash flow. Total monthly income is $1,451/mo, and annual cash flow is $3,355/yr on $58,013 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.95% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 134.55% and total cumulative return in cash sums $78,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
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Listed by: Janae F Lincifort • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225002716
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.