916 Miller AveColumbusOH43206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 916 Miller Ave, Columbus, OH, 43206 uses $52,377 cash to close to unlock $2,688/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,263/mo, and a $773/mo payment keeps the spread at $224/mo. Purchase price stands at $158,000, and rental yield measures 9.59% with $1,263/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 130.95% and total cumulative return in cash records $68,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,263/mo property income covering a $773/mo payment rather than investor’s personal income.
Single Family
Built in 1927
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices