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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Columbus at 69 Lookout Ridge Dr, Columbus, IN, 47201 uses $56,322 cash to close to unlock $2,324/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $832/mo payment keeps the spread at $194/mo. Purchase price stands at $169,900, and rental yield measures 10.64% with $1,507/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 127.01% and total cumulative return in cash records $71,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$879 quarterly HOA
Neighborhood data shown for ZIP Code: 47201, Columbus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,886 (100%) |
| Owner Occupied HU | 12,483 (59.8%) |
| Renter Occupied HU | 6,801 (32.6%) |
| Vacant Housing Units | 1,602 ( 7.7%) |
| Median Home Value | $258,047 |
| Average Home Value | $310,103 |
Residential
20,141
Single Family
19,109
Multi-Family
1,032
Businesses
1,506
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $169,900 |
| 2009-03-06 | Sold | $77,000 |
| 2003-08-04 | Sold | $71,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $585.44 | -20.41% | $113,200 | 4.24% |
| 2023-04-03 | $735.56 | -15.37% | $108,600 | 22.71% |
| 2022-04-03 | $869.12 | 48.11% | $88,500 | -7.14% |
Listed by: Michael Mensendiek • Mensendiek Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22030348
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-03 08:02:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
