705 N State St APT 208WestervilleOH43082
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 705 N State St APT 208, Westerville, OH, 43082 in Westerville is straightforward: $254,900 in, $2,364/mo in rent, $348/mo out after debt service. The 11.13% gross yield and 2.06 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $70,424 by year five. With $2,348/yr in principal equity, the total cumulative return is projected at $120,987.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $348 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,364 |
| Total Monthly Debt Service | $1,914 |
| DSCR Ratio | 1.23x |
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 2007
3.29 Acres lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43082, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,951 (100%) |
| Owner Occupied HU | 10,888 (84.1%) |
| Renter Occupied HU | 1,655 (12.8%) |
| Vacant Housing Units | 408 ( 3.2%) |
| Median Home Value | $484,702 |
| Average Home Value | $518,752 |
Housing Distribution
Address Breakdown
Residential
12,911
Single Family
12,789
Multi-Family
122
Businesses
885
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 2007
3.29 Acres lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43082, Westerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,951 (100%) |
| Owner Occupied HU | 10,888 (84.1%) |
| Renter Occupied HU | 1,655 (12.8%) |
| Vacant Housing Units | 408 ( 3.2%) |
| Median Home Value | $484,702 |
| Average Home Value | $518,752 |
Housing Distribution
Address Breakdown
Residential
12,911
Single Family
12,789
Multi-Family
122
Businesses
885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Margaret L Chudik • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225029164
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.