85 Stornoway Dr WColumbusOH43213
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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 85 Stornoway Dr W, Columbus, OH, 43213 generates $1,334/mo in rent and, after a $880/mo payment, leaves $151/mo in cash flow. Total monthly income is $1,334/mo, and annual cash flow is $1,816/yr on $59,604 invested. Return on cash invested sits at 22.96% in year one, and rental yield is 8.9% on a $179,800 entry. Equity gained on principal adds $1,160/yr, while 5% annual appreciation builds toward $49,675 over five years. Five-year ROI reaches 119.75% and total cumulative return in cash sums $71,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,334/mo property income rather than buyer’s personal income.
Condo
Built in 1972
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43213, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,265 (100%) |
| Owner Occupied HU | 6,043 (37.2%) |
| Renter Occupied HU | 9,258 (56.9%) |
| Vacant Housing Units | 964 ( 5.9%) |
| Median Home Value | $251,914 |
| Average Home Value | $297,672 |
Housing Distribution
Address Breakdown
Residential
15,606
Single Family
13,382
Multi-Family
2,224
Businesses
1,327
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