4621 Wingate RdColumbusOH43232
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 4621 Wingate Rd, Columbus, OH, 43232 in Columbus. Rental yield 5.99%. At $334,900 with 5.99% gross yield, current distributions are modest, but the 5% appreciation rate projects $92,527 in new equity by year five, complemented by $3,084/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.11) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $93,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 4.2% |
| Monthly Cash Flow | $(530) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,673 |
| Total Monthly Debt Service | $2,070 |
| DSCR Ratio | 0.81x |
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.
Single Family
Built in 1962
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
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 1962
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Lynn Virgin • e-Merge Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225022677
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.