1075 Merrimar Cir N APT BColumbusOH43220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1075 Merrimar Cir N APT B, Columbus, OH, 43220 in Columbus speaks for itself: 11.94% gross on a $149,999 price, generating $1,493/mo in rent and $506/mo in net income after the $674/mo debt service. DSCR 2.22, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,074 stacks alongside $41,442 in projected five-year appreciation and $1,382/yr in principal reduction. Projected total cumulative return: $89,756.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 4.2% |
| Monthly Cash Flow | $506 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,493 |
| Total Monthly Debt Service | $927 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1971
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43220, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,493 (100%) |
| Owner Occupied HU | 7,004 (51.9%) |
| Renter Occupied HU | 5,843 (43.3%) |
| Vacant Housing Units | 646 ( 4.8%) |
| Median Home Value | $476,011 |
| Average Home Value | $545,551 |
Housing Distribution
Address Breakdown
Residential
13,109
Single Family
11,902
Multi-Family
1,207
Businesses
1,192
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
Condo
Built in 1971
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43220, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,493 (100%) |
| Owner Occupied HU | 7,004 (51.9%) |
| Renter Occupied HU | 5,843 (43.3%) |
| Vacant Housing Units | 646 ( 4.8%) |
| Median Home Value | $476,011 |
| Average Home Value | $545,551 |
Housing Distribution
Address Breakdown
Residential
13,109
Single Family
11,902
Multi-Family
1,207
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices