7 Richmond SqNew AlbanyOH43054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Richmond Sq, New Albany, OH, 43054 offers $4,807/mo rent that, after a $4,160/mo payment. Total monthly income is $4,807/mo. Return on cash invested measures 16.7% in year one, and rental yield stands at 6.79% at a $849,900 entry. Equity gained on principal adds $5,484/yr while 5% annual appreciation compounds into $234,812 by year five. Five-year ROI records 86.1% and total cumulative return in cash reaches $240,758. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,807/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy L Raines • The Raines Group, Inc.
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225045469