697 Miller AveColumbusOH43205
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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 697 Miller Ave, Columbus, OH, 43205 uses $99,417 cash to close to unlock $86/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,468/mo payment keeps the spread at $7/mo. Purchase price stands at $299,900, and rental yield measures 7.92% with $1,980/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 103.85% and total cumulative return in cash records $103,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2022
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
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