7501 Morse RdNew 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
Investment property for sale in New Albany at 7501 Morse Rd, New Albany, OH, 43054 uses $101,638 cash to close to unlock $6,083/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,524/mo, and a $1,501/mo payment keeps the spread at $507/mo. Purchase price stands at $306,600, and rental yield measures 9.88% with $2,524/mo rent. Return on cash invested shows 25.89% in year one, and 5% annual appreciation builds toward $84,708 over five years. Five-year ROI reaches 135.43% and total cumulative return in cash records $137,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,524/mo property income covering a $1,501/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.48 Acres 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A