1199 Elderwood AveColumbusOH43227
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1199 Elderwood Ave, Columbus, OH, 43227 in Columbus deserves attention. This $138,947 property earns $1,901/mo in rent, a 16.42% gross yield, and nets $933/mo after the $625/mo payment. DSCR 3.04 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $38,388 compounds alongside $1,280/yr in yearly equity build, for a total cumulative return of $113,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.4% | 4.2% |
| Monthly Cash Flow | $933 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,901 |
| Total Monthly Debt Service | $912 |
| DSCR Ratio | 2.08x |
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.
Single Family
Built in 1956
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43227, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,549 (100%) |
| Owner Occupied HU | 4,627 (43.9%) |
| Renter Occupied HU | 5,225 (49.5%) |
| Vacant Housing Units | 697 ( 6.6%) |
| Median Home Value | $135,523 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
8,855
Single Family
8,198
Multi-Family
657
Businesses
375
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 1956
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43227, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,549 (100%) |
| Owner Occupied HU | 4,627 (43.9%) |
| Renter Occupied HU | 5,225 (49.5%) |
| Vacant Housing Units | 697 ( 6.6%) |
| Median Home Value | $135,523 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
8,855
Single Family
8,198
Multi-Family
657
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices