6038 Phar Lap 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
Total monthly income runs $1,913/mo, and a $1,370/mo payment. Purchase price stands at $280,000, and rental yield measures 8.2% with $1,913/mo rent. Return on cash invested shows 17.5% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 91.64% and total cumulative return in cash records $85,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,913/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2005
435.60 sqft lot
$N/A/sqft
$258 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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Listed by: Kerstin Beckett • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225021603
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.