Franklin County, Columbus, OH 43211
2 bd1 ba1,000 sfBuilt 1925
Gross spread$33,000
Description
(Columbus, OH) Owner Finance — 4% Rate, Tenant In Place, Cash Flows Day 1 Tenant-occupied 2/1 in North Linden, walkable to Columbus Preparatory Academy and Metro Schools (both A-rated) — part of the city's active Linden Community Reinvestment Plan, with Habitat for Humanity and One Linden renovating the block for years. Renter-majority area (55.8%) with an 8.5% average gross rental yield. Purchase Price: $105,000Down Payment: $25,000Owner-Financed Balance: $80,000 @ 4%, 20-yr amortization, 5-yr balloonPayment: $484.79/mo | Balloon due Yr 5: $65,539 No bank. No appraisal. No DSCR underwriting. 4% is below anything a lender is offering right now. Property: 2 bed / 1 bath, 1,000 sqft, built 1925, 4,522 sqft lot. Occupancy: Tenant-occupied, month-to-month (no lease to wait out), paying $1,050/mo, willing to stay. Market rent $1,200+ — buyer can move rent up with standard notice, no lease expiration to wait on. Cash Flow:At current rent ($1,050): +$339/moAt market rent ($1,200): +$489/mo(Taxes $1,950/yr, insurance $765/yr included) ARV Comps (sold):1544 Briarwood Ave (same street) — $112,245, 972 sqft1607 Briarwood Ave (same street) — $142,000, 1,100 sqft1562 Myrtle Ave — $145,000, 984 sqft1375 Loretta Ave — $153,000, 1,100 sqft ARV range supported: $135,000–$140,000. You're financing in at a steep discount with a rate you can't get anywhere else and a tenant already paying. Full ad[representative]ss and photos released on request. Mauricio — Roque Investor Club [contact details hidden]
$/sqft vs market
Median of 7 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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