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$229,900

For Sale - Active
117 Dana Ave, Columbus, OH 43222
2 Beds
2 Baths
1,152 Square Feet
0.08 Acres Lot
Built in 1900
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jun 20, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
$27
Cap Rate
5.8%
Cash-on-Cash Return
0.6%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.6%

Property Description


0.08 Acres Lot
Built in 1900
For Sale - Active
1 Units

Beautifully Renovated Home in Franklinton - Packed with upgrades, this turn-key home features a bright, open floor plan with brand-new flooring throughout. The stunning kitchen is a true showstopper—complete with granite countertops, a large island, all-new cabinetry, and stainless steel appliances, including a gas range. Upstairs, you'll find two generously sized bedrooms and a fully remodeled bathroom with stylish tile work. Every major system has been updated: new roof, plumbing, electrical, furnace, vanities, and fixtures—everything is done! Schedule your tour today!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Detached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Block

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 010041538
  • Lot Size: 3484 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1900

Tax Information

  • Annual Tax: $3,175

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Franklin

Listing Details


Listed by:
Abigail E Swihart Valentine
Red 1 Realty
(614) 560-5443

Source:
Columbus and Central Ohio Regional MLS
MLS#: 225016540
Columbus and Central Ohio Regional MLS

Investment Summary


Monthly Cash Flow
$27
Cap Rate
5.8%
Cash-on-Cash Return
0.6%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.6%

Purchase Details

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Purchase price:
$229,900
Amount financed:
-$183,920
Down payment:
$45,980
Closing costs:
$6,897
Rehab costs:
$0
Initial cash invested:
$52,877
Square feet:
1,152
Cost per square foot:
$200
Monthly rent per square foot:
$1.74

Financing Details

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Loan amount:
$183,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,088
Property tax:
$265
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,493

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$265-$3,175
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$765-$9,175

Cash Flow


Monthly Yearly
Net operating income:
$1,115 $13,380
Mortgage payments:
-$1,088 -$13,056
Cash flow:
$27 $324