846/848 Summit StColumbusOH43215
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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 846/848 Summit St, Columbus, OH, 43215 listed at $1,082,000 pairs $5,699/mo rent with a $5,296/mo payment. Total monthly income runs $5,699/mo. Return on cash invested measures 15.51% in year one, and rental yield registers 6.32% at a $1,082,000 basis. Equity gained on principal adds $6,982/yr, and annual property appreciation at 5% supports $298,937 by year five. Five-year ROI tracks 79.7% and total cumulative return in cash totals $279,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,699/mo property income relative to a $5,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1912
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43215, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,175 (100%) |
| Owner Occupied HU | 2,407 (12.6%) |
| Renter Occupied HU | 13,478 (70.3%) |
| Vacant Housing Units | 3,290 (17.2%) |
| Median Home Value | $532,616 |
| Average Home Value | $596,548 |
Housing Distribution
Address Breakdown
Residential
14,281
Single Family
5,540
Multi-Family
8,741
Businesses
2,921
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Listed by: Miki Brooks • Ohio Realty
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433723
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.