1199 Lockbourne RdColumbusOH43206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1199 Lockbourne Rd, Columbus, OH, 43206 in Columbus: $2,196/mo in rent, $355/mo in net income, 9.41% gross yield, 1.74 DSCR, all at $279,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $77,331 in appreciation and $2,578/yr in principal paydown projects total cumulative return of $129,424.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 4.2% |
| Monthly Cash Flow | $355 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,196 |
| Total Monthly Debt Service | $1,730 |
| DSCR Ratio | 1.27x |
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 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
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 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43206, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,423 (100%) |
| Owner Occupied HU | 5,059 (40.7%) |
| Renter Occupied HU | 5,755 (46.3%) |
| Vacant Housing Units | 1,609 (13.0%) |
| Median Home Value | $339,318 |
| Average Home Value | $377,686 |
Housing Distribution
Address Breakdown
Residential
11,322
Single Family
10,528
Multi-Family
794
Businesses
537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alyssa Everley • Key Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225016699
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.