994 Pinewood Ln #5-3ColumbusOH43230
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 994 Pinewood Ln #5-3, Columbus, OH, 43230 in Columbus achieves 1.58, rent of $2,137/mo covers the $1,349/mo payment 1.5x over at $300,000. Rental yield 8.55%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $82,884 over five years, with $2,763/yr in principal reduction bringing total projected return to $103,180.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 4.2% |
| Monthly Cash Flow | $(196) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,137 |
| Total Monthly Debt Service | $2,214 |
| DSCR Ratio | 0.97x |
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 1993
1,306 sqft lot
$N/A/sqft
$360 monthly 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
Condo
Built in 1993
1,306 sqft lot
$N/A/sqft
$360 monthly 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: Christina M Wedebrook • RE/MAX Connection
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225020046
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.