7538 Placid AveColumbusOH43085
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 7538 Placid Ave, Columbus, OH, 43085 in Columbus at $400,000 earns $2,916/mo in rent and nets $181/mo after the $1,799/mo payment, a 8.75% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,513 over five years. Ziffy Mortgage underwrites this on a 1.62 DSCR without U.S. credit history. With $3,684/yr in principal paydown, total projected return reaches $164,434.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.2% |
| Monthly Cash Flow | $181 | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,916 |
| Total Monthly Debt Service | $2,576 |
| DSCR Ratio | 1.13x |
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 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43085, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,532 (67.6%) |
| Renter Occupied HU | 3,206 (28.8%) |
| Vacant Housing Units | 405 ( 3.6%) |
| Median Home Value | $402,258 |
| Average Home Value | $434,506 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
10,074
Multi-Family
610
Businesses
1,440
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 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43085, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,143 (100%) |
| Owner Occupied HU | 7,532 (67.6%) |
| Renter Occupied HU | 3,206 (28.8%) |
| Vacant Housing Units | 405 ( 3.6%) |
| Median Home Value | $402,258 |
| Average Home Value | $434,506 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
10,074
Multi-Family
610
Businesses
1,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel J Beirne • Opendoor Brokerage LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225021307
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.