6075 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
Rental property for sale in New Albany at 6075 Phar Lap Dr, New Albany, OH, 43054 generates $2,506/mo in rent and, after a $1,331/mo payment, leaves $717/mo in cash flow. Total monthly income is $2,506/mo, and annual cash flow is $8,606/yr on $90,168 invested. Return on cash invested sits at 29.45% in year one, and rental yield is 11.06% on a $272,000 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 154.57% and total cumulative return in cash sums $139,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,506/mo property income rather than buyer’s personal income.
Condo
Built in 2004
435.60 sqft 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: Elken Miller • The Columbus Agents
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226002187