1288 Millstone SqWestervilleOH43081
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1288 Millstone Sq, Westerville, OH, 43081 in Westerville earns its strong cash-flow label: 10.04% yield, $3,096/mo rent, $567/mo net income, DSCR 1.86. The $370,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $102,224 by year five. Combined with $3,408/yr in principal paydown, total projected return reaches $177,874.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $567 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,096 |
| Total Monthly Debt Service | $2,382 |
| DSCR Ratio | 1.30x |
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 1988
4,356 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43081, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,305 (100%) |
| Owner Occupied HU | 16,644 (56.8%) |
| Renter Occupied HU | 11,105 (37.9%) |
| Vacant Housing Units | 1,556 ( 5.3%) |
| Median Home Value | $338,562 |
| Average Home Value | $364,562 |
Housing Distribution
Address Breakdown
Residential
30,160
Single Family
28,600
Multi-Family
1,560
Businesses
1,422
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 1988
4,356 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43081, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,305 (100%) |
| Owner Occupied HU | 16,644 (56.8%) |
| Renter Occupied HU | 11,105 (37.9%) |
| Vacant Housing Units | 1,556 ( 5.3%) |
| Median Home Value | $338,562 |
| Average Home Value | $364,562 |
Housing Distribution
Address Breakdown
Residential
30,160
Single Family
28,600
Multi-Family
1,560
Businesses
1,422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig Buehler • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225017743
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.