787 E Mithoff 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 787 E Mithoff St, Columbus, OH, 43206 priced at $199,900 converts $1,485/mo rent into $171/mo cash flow after a $978/mo obligation. Total monthly income equals $1,485/mo, and annual cash flow totals $2,046/yr on $66,267 invested. Return on cash invested prints 23% in year one, and rental yield reads 8.91% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 119.93% and total cumulative return in cash sums $79,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,485/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1942
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: Alexander Soskin • Soskin Realty, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012820
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