3060 Catan LoopGrove CityOH43123
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 3060 Catan Loop, Grove City, OH, 43123 in Grove City. At $304,000 it earns $2,255/mo in rent and distributes $217/mo to the owner after the $1,367/mo payment, a consistent 8.73% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $83,990 in value; $2,800/yr in principal paydown compounds ownership stake. Total projected return: $132,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $217 | $850 |
City averages based on Grove City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,255 |
| Total Monthly Debt Service | $1,879 |
| DSCR Ratio | 1.20x |
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 2003
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43123, Grove City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,156 (100%) |
| Owner Occupied HU | 19,582 (69.5%) |
| Renter Occupied HU | 7,451 (26.5%) |
| Vacant Housing Units | 1,123 ( 4.0%) |
| Median Home Value | $326,288 |
| Average Home Value | $347,272 |
Housing Distribution
Address Breakdown
Residential
28,592
Single Family
27,340
Multi-Family
1,252
Businesses
1,528
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 2003
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43123, Grove City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,156 (100%) |
| Owner Occupied HU | 19,582 (69.5%) |
| Renter Occupied HU | 7,451 (26.5%) |
| Vacant Housing Units | 1,123 ( 4.0%) |
| Median Home Value | $326,288 |
| Average Home Value | $347,272 |
Housing Distribution
Address Breakdown
Residential
28,592
Single Family
27,340
Multi-Family
1,252
Businesses
1,528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Dalessandri • e-Merge Real Estate Excellence
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225042160