966 Miller AveColumbusOH43206
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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 966 Miller Ave, Columbus, OH, 43206 uses $47,405 cash to close to unlock $5,619/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,409/mo, and a $700/mo payment keeps the spread at $468/mo. Purchase price stands at $143,000, and rental yield measures 11.82% with $1,409/mo rent. Return on cash invested shows 31.76% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 166.98% and total cumulative return in cash records $79,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,409/mo property income covering a $700/mo payment rather than investor’s personal income.
Single Family
Built in 1920
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: Danielle A Hageman • Associates Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225007683
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.