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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 83 Lookout Ridge Dr, Columbus, IN, 47201 at $166,900 posts ROI 30.86% with $505/mo cash flow from $1,507/mo rent. Total monthly income equals $1,507/mo, and annual cash flow records $6,060/yr on $55,327 to close. Return on cash invested measures 30.86% and rental yield reads 10.84% at the current $166,900. Equity gained on principal adds $1,077/yr, and 5% annual appreciation supports $46,111 by year five. Five-year ROI prints 161.42% and total cumulative return in cash totals $89,312.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,507/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1985
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Natalie Adkins • RE/MAX Team
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076022
