996 Chatham Ln APT EColumbusOH43221
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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 996 Chatham Ln APT E, Columbus, OH, 43221 generates $1,910/mo in rent and, after a $1,008/mo payment, leaves $328/mo in cash flow. Total monthly income is $1,910/mo, and annual cash flow is $3,939/yr on $68,289 invested. Return on cash invested sits at 25.68% in year one, and rental yield is 11.13% on a $206,000 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,914 over five years. Five-year ROI reaches 135.79% and total cumulative return in cash sums $92,732. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,910/mo property income rather than buyer’s personal income.
Condo
Built in 1969
435.60 sqft lot
$N/A/sqft
$227 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43221, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,965 (100%) |
| Owner Occupied HU | 10,009 (66.9%) |
| Renter Occupied HU | 4,110 (27.5%) |
| Vacant Housing Units | 846 ( 5.7%) |
| Median Home Value | $466,238 |
| Average Home Value | $541,856 |
Housing Distribution
Address Breakdown
Residential
14,875
Single Family
14,071
Multi-Family
804
Businesses
773
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Listed by: Elizabeth L Hutchison • RE/MAX Achievers
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225019113
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.