708 Oakwood 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
Rental property for sale in Columbus at 708 Oakwood Ave, Columbus, OH, 43205 priced at $374,000 converts $2,400/mo rent into after a $1,831/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 19.32% in year one, and rental yield reads 7.7% against a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation compiles into $103,329 by year five. Five-year ROI reaches 100.23% and total cumulative return in cash sums $124,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,831/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,791 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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Listed by: Alexander J Macke • Carriage Trade Realty, Inc.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224028555
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.