5488 Grand Ridge DrGalenaOH43021
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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
Investment Highlights
Investment property for sale in Galena at 5488 Grand Ridge Dr, Galena, OH, 43021 earns $96/mo cash flow from $3,480/mo rent with a $2,203/mo payment. Total monthly income totals $3,480/mo, and annual cash flow totals $1,146/yr on $149,175 capital. ROI tracks 20.68% on current figures, and rental yield reads 9.28% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 108.71% and total cumulative return in cash sums $162,174. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,480/mo property income instead of your personal income.
Condo
Built in 2003
1.02 Acres lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43021, Galena, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,128 (100%) |
| Owner Occupied HU | 4,755 (92.7%) |
| Renter Occupied HU | 211 ( 4.1%) |
| Vacant Housing Units | 162 ( 3.2%) |
| Median Home Value | $582,576 |
| Average Home Value | $594,362 |
Housing Distribution
Address Breakdown
Residential
5,403
Single Family
5,403
Multi-Family
0
Businesses
147
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Listed by: Juli Willbarger • EXP Realty, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225008208
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.