7011 Iris DrGrove CityOH43123
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.53% yield at 7011 Iris Dr, Grove City, OH, 43123 in Grove City is solid, but the $985/mo payment compresses net cash flow to $117/mo at $219,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $60,506 by year five, and $2,017/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $90,994.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $117 | $850 |
City averages based on Grove City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,558 |
| Total Monthly Debt Service | $1,353 |
| DSCR Ratio | 1.15x |
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 1925
0.25 Acres 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
Single Family
Built in 1925
0.25 Acres 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A