471 Old Mill DrColumbusOH43230
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 471 Old Mill Dr, Columbus, OH, 43230 in Columbus deserves attention. This $465,000 property earns $4,852/mo in rent, a 12.52% gross yield, and nets $1,395/mo after the $2,091/mo payment. DSCR 2.32 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $128,471 compounds alongside $4,283/yr in yearly equity build, for a total cumulative return of $268,662.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 4.2% |
| Monthly Cash Flow | $1,395 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,852 |
| Total Monthly Debt Service | $3,272 |
| DSCR Ratio | 1.48x |
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.
Single Family
Built in 1987
0.41 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43230, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,224 (100%) |
| Owner Occupied HU | 15,181 (57.9%) |
| Renter Occupied HU | 9,959 (38.0%) |
| Vacant Housing Units | 1,084 ( 4.1%) |
| Median Home Value | $320,982 |
| Average Home Value | $359,679 |
Housing Distribution
Address Breakdown
Residential
25,618
Single Family
22,474
Multi-Family
3,144
Businesses
1,801
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 1987
0.41 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43230, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,224 (100%) |
| Owner Occupied HU | 15,181 (57.9%) |
| Renter Occupied HU | 9,959 (38.0%) |
| Vacant Housing Units | 1,084 ( 4.1%) |
| Median Home Value | $320,982 |
| Average Home Value | $359,679 |
Housing Distribution
Address Breakdown
Residential
25,618
Single Family
22,474
Multi-Family
3,144
Businesses
1,801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven M Cochern • Lotus Advisors
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225022024
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.