5829 Andrew John DrNew AlbanyOH43054
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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 New Albany at 5829 Andrew John Dr, New Albany, OH, 43054 uses $64,974 cash to close to unlock $9,157/yr annual cash flow and $763/mo monthly cash flow. Total monthly income runs $2,177/mo, and a $959/mo payment keeps the spread at $763/mo. Purchase price stands at $196,000, and rental yield measures 13.33% with $2,177/mo rent. Return on cash invested shows 34% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 179.83% and total cumulative return in cash records $116,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,177/mo property income covering a $959/mo payment rather than investor’s personal income.
Condo
Built in 2002
425 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43054, New Albany, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,364 (100%) |
| Owner Occupied HU | 7,396 (59.8%) |
| Renter Occupied HU | 4,217 (34.1%) |
| Vacant Housing Units | 751 ( 6.1%) |
| Median Home Value | $481,906 |
| Average Home Value | $586,729 |
Housing Distribution
Address Breakdown
Residential
11,730
Single Family
11,025
Multi-Family
705
Businesses
883
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