6871 Harper LnNew 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 6871 Harper Ln, New Albany, OH, 43054 generates $5,833/mo in rent and, after a $3,744/mo payment, leaves $753/mo in cash flow. Total monthly income is $5,833/mo, and annual cash flow is $9,040/yr on $251,685 invested. Return on cash invested sits at 23.65% in year one, and rental yield is 9.15% on a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation builds toward $211,355 over five years. Five-year ROI reaches 123.48% and total cumulative return in cash sums $310,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,833/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.29 Acres lot
$N/A/sqft
$575 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: Joseph J Evans • RE/MAX Town Center
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224025508
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.