1017 Madison AveColumbusOH43205
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1017 Madison Ave, Columbus, OH, 43205 in Columbus is narrow, $31/mo net on $1,451/mo rent after the $1,573/mo debt service, but the property operates at break-even-plus, not a loss. At $349,900 with a 8.06% yield, the long-run equity case via 5% appreciation ($96,671 over five years) and $3,223/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 0.92 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $78,550.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 4.2% |
| Monthly Cash Flow | $31 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,451 |
| Total Monthly Debt Service | $2,162 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43205, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,105 (100%) |
| Owner Occupied HU | 2,044 (28.8%) |
| Renter Occupied HU | 3,660 (51.5%) |
| Vacant Housing Units | 1,401 (19.7%) |
| Median Home Value | $356,627 |
| Average Home Value | $394,099 |
Housing Distribution
Address Breakdown
Residential
6,448
Single Family
4,971
Multi-Family
1,477
Businesses
484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices