6380 Skipping Stone 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 6380 Skipping Stone Dr, New Albany, OH, 43054 offers $9,298/mo rent that, after a $2,912/mo payment, leaves $5,343/mo cash flow. Total monthly income is $9,298/mo, and annual cash flow is $64,119/yr on $195,755 cash. Return on cash invested measures 52.81% in year one, and rental yield stands at 18.75% at a $595,000 entry. Equity gained on principal adds $3,839/yr while 5% annual appreciation compounds into $164,388 by year five. Five-year ROI records 279.88% and total cumulative return in cash reaches $547,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,298/mo property income versus a $2,912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,018 sqft lot
$N/A/sqft
$494 annually 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: Thomas M Farwick • KW Classic Properties Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224036020
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.