6038 Seabiscuit 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 6038 Seabiscuit Dr, New Albany, OH, 43054 offers a 9.81% rental yield on a $255,000 purchase with $2,084/mo rent. Total monthly income registers $2,084/mo, and a $1,248/mo payment leaves $407/mo available for distribution. Annual cash flow reaches $4,881/yr on $84,533 to close, and return on cash invested stands at 25.68% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 134.31% and total cumulative return in cash at $113,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,084/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No 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: Terrance Miller • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #10002348