4655 Merrimar Cir E APT EColumbusOH43220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow4655 Merrimar Cir E APT E, Columbus, OH, 43220 in Columbus earns a respectable 10.76% gross yield at $150,000, but after the $674/mo mortgage the net cash flow is $36/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (2.00) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $41,442 over five years, making equity the dominant return driver. Total projected return: $60,920.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 4.2% |
| Monthly Cash Flow | $36 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,345 |
| Total Monthly Debt Service | $1,249 |
| DSCR Ratio | 1.08x |
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 1970
871.20 sqft lot
$N/A/sqft
$322 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43220, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,493 (100%) |
| Owner Occupied HU | 7,004 (51.9%) |
| Renter Occupied HU | 5,843 (43.3%) |
| Vacant Housing Units | 646 ( 4.8%) |
| Median Home Value | $476,011 |
| Average Home Value | $545,551 |
Housing Distribution
Address Breakdown
Residential
13,109
Single Family
11,902
Multi-Family
1,207
Businesses
1,192
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 1970
871.20 sqft lot
$N/A/sqft
$322 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43220, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,493 (100%) |
| Owner Occupied HU | 7,004 (51.9%) |
| Renter Occupied HU | 5,843 (43.3%) |
| Vacant Housing Units | 646 ( 4.8%) |
| Median Home Value | $476,011 |
| Average Home Value | $545,551 |
Housing Distribution
Address Breakdown
Residential
13,109
Single Family
11,902
Multi-Family
1,207
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie A Esker • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225029314
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.