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$274,900

For Sale - Active
1230 Berkeley Rd, Columbus, OH 43206
3 Beds
3 Baths
1,714 Square Feet
0.25 Acres Lot
Built in 1967
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Jun 03, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$459
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Property Description


0.25 Acres Lot
Built in 1967
For Sale - Active
1 Units

This beautifully maintained ranch home offers generously sized rooms and abundant outdoor space, perfect for comfortable living and entertaining. With 3 large bedrooms, 2.5 bathrooms, a full basement, and a spacious 2-car garage, there's room for everyone and everything. Step outside to an expansive deck that overlooks a deep backyard—ideal for gatherings, gardening, or relaxing in your own private retreat. Sold as is, this home invites buyers to bring their own style and vision. Uniquely positioned with scenic views of Deshler Park and just minutes from the rapidly expanding Nationwide Children's Hospital district, this is a rare opportunity in a highly sought-after location.

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Location


Property Details


Parking

  • Description: 2 Car Garage, Opener, Attached Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Block

Land Information

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

Lot Information

  • Parcel ID: 010104049
  • Lot Size: 10890 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1967

Tax Information

  • Annual Tax: $3,046

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Franklin

Listing Details


Listed by:
Justin S Price
Just Listed Real Estate OH
(614) 589-4561

Source:
Columbus and Central Ohio Regional MLS
MLS#: 225012795
Columbus and Central Ohio Regional MLS

Investment Summary


Monthly Cash Flow
-$459
Cap Rate
4.3%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.4%

Purchase Details

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Purchase price:
$274,900
Amount financed:
-$219,920
Down payment:
$54,980
Closing costs:
$8,247
Rehab costs:
$0
Initial cash invested:
$63,227
Square feet:
1,714
Cost per square foot:
$160
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$219,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,447
Property tax:
$254
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,827

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$254-$3,046
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$704-$8,446

Cash Flow


Monthly Yearly
Net operating income:
$988 $11,856
Mortgage payments:
-$1,447 -$17,364
Cash flow:
$459 $5,508