ZIP CODE 43228 // COLUMBUS, OH // DATA AS OF 2026-09-30
Columbus, OH (43228) Rental Property Cap Rate & Cash Flow Report
Located in Franklin County (Columbus, OH), Zip Code 43228 ranks #106 of 500 within this selected sample (79th percentile) with a Zillow ZHVI typical home-value index of $218,961 (-2.5% YoY) and a ZORI observed market rent of $1,277/mo (+0.3% YoY). Requires at least 43.5% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$325/mo
Annual: -$3,895/yr
Modeled Cap Rate
4.29%
NOI: $9,391/yr
Cash-on-Cash Return
-7.73%
Cash Needed: $50,361
1% Rule Ratio
0.58%
Gross Yield: 7.00%
Break-Even Rent
$1,650/mo
State Tax: 1.30%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 43228 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (OH Avg 1.30%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,107/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$494/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (43228)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $184,333 | $1,063/mo | 6.92% |
| 2022 | $207,994 | $1,164/mo | 6.72% |
| 2023 | $216,216 | $1,218/mo | 6.76% |
| 2024 | $224,208 | $1,270/mo | 6.80% |
| 2025 | $224,554 | $1,273/mo | 6.80% |
| 2026 | $218,961 | $1,277/mo | 7.00% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 43055 Newark, OH | $249,856 | $1,420/mo | 4.13% | -$403/mo |
| 44060 Mentor, OH | $277,851 | $1,683/mo | 4.52% | -$358/mo |
| 44256 Medina, OH | $381,694 | $1,929/mo | 3.48% | -$824/mo |
| 45011 Hamilton, OH | $370,767 | $1,831/mo | 3.36% | -$838/mo |
| 43123 Grove City, OH | $330,582 | $1,556/mo | 3.11% | -$814/mo |
| 43081 Westerville, OH | $352,515 | $1,616/mo | 2.99% | -$905/mo |