7169 Fernridge 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 7169 Fernridge Dr, New Albany, OH, 43054 priced at $672,000 pairs $4,694/mo rent with after a $3,289/mo payment. Total monthly income equals $4,694/mo. Return on cash invested is 19.61% in year one, and rental yield stands at 8.38% on a $672,000 basis. Equity gained on principal adds $4,336/yr, and 5% annual appreciation accumulates to $185,661 by year five. Five-year ROI measures 102.4% and total cumulative return in cash reaches $226,401. For financing, Ziffy Mortgage’s DSCR program evaluates $4,694/mo property income against a $3,289/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
9,147 sqft lot
$N/A/sqft
$162 quarterly 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: Sandy L Raines • The Raines Group, Inc.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015888
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.