7470 Cayman LnColumbusOH43085
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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 7470 Cayman Ln, Columbus, OH, 43085 priced at $274,000 converts $1,890/mo rent into after a $1,341/mo obligation. Total monthly income equals $1,890/mo. Return on cash invested prints 17.86% in year one, and rental yield reads 8.28% against a $274,000 entry. Equity gained on principal adds $1,768/yr, while 5% annual appreciation compiles into $75,701 by year five. Five-year ROI reaches 93.52% and total cumulative return in cash sums $84,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,890/mo property income covering a $1,341/mo payment, not borrower’s personal income.
Single Family
Built in 2006
871.20 sqft lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43085, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,532 (67.6%) |
| Renter Occupied HU | 3,206 (28.8%) |
| Vacant Housing Units | 405 ( 3.6%) |
| Median Home Value | $402,258 |
| Average Home Value | $434,506 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
10,074
Multi-Family
610
Businesses
1,440
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Listed by: Pamela A Snow • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225009381
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.