7300 Falls View CirDelawareOH43015
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder7300 Falls View Cir, Delaware, OH, 43015 in Delaware is a stable, well-positioned rental at $389,000. Rental yield 7.42%. DSCR 1.37 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $107,474 in value and $3,583/yr in principal paydown builds equity, a total projected return of $110,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 7.2% |
| Monthly Cash Flow | $(610) | $850 |
City averages based on Delaware market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,404 |
| Total Monthly Debt Service | $2,859 |
| DSCR Ratio | 0.84x |
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.
Condo
Built in 2006
2.95 Acres lot
$N/A/sqft
$455 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
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 2006
2.95 Acres lot
$N/A/sqft
$455 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43015, Delaware, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,743 (100%) |
| Owner Occupied HU | 17,018 (66.1%) |
| Renter Occupied HU | 6,967 (27.1%) |
| Vacant Housing Units | 1,758 ( 6.8%) |
| Median Home Value | $389,232 |
| Average Home Value | $441,134 |
Housing Distribution
Address Breakdown
Residential
25,420
Single Family
24,479
Multi-Family
941
Businesses
1,396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April A Scowden • J W Cutler & Assocs., Inc
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015975
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.