1638-1640 Smith RdColumbusOH43207
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 1638-1640 Smith Rd, Columbus, OH, 43207 in Columbus is a conservative rental investment at $210,000. Rental yield 7.1%. A 1.32 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $58,019; $1,934/yr in principal paydown supplements. Total projected return: $71,047.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 4.2% |
| Monthly Cash Flow | $(139) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,242 |
| Total Monthly Debt Service | $1,298 |
| DSCR Ratio | 0.96x |
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.
Multi Family
Built in 1962
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43207, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,723 (100%) |
| Owner Occupied HU | 11,558 (55.8%) |
| Renter Occupied HU | 7,625 (36.8%) |
| Vacant Housing Units | 1,540 ( 7.4%) |
| Median Home Value | $188,105 |
| Average Home Value | $238,076 |
Housing Distribution
Address Breakdown
Residential
20,050
Single Family
18,258
Multi-Family
1,792
Businesses
1,238
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
Multi Family
Built in 1962
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43207, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,723 (100%) |
| Owner Occupied HU | 11,558 (55.8%) |
| Renter Occupied HU | 7,625 (36.8%) |
| Vacant Housing Units | 1,540 ( 7.4%) |
| Median Home Value | $188,105 |
| Average Home Value | $238,076 |
Housing Distribution
Address Breakdown
Residential
20,050
Single Family
18,258
Multi-Family
1,792
Businesses
1,238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vivian Marie Eichel • MODERN OHIO REALTY
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225012583
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.