7645 Redman LnReynoldsburgOH43068
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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 Reynoldsburg at 7645 Redman Ln, Reynoldsburg, OH, 43068 generates $1,817/mo in rent and, after a $1,150/mo payment, leaves $272/mo in cash flow. Total monthly income is $1,817/mo, and annual cash flow is $3,259/yr on $77,869 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 9.28% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 125.82% and total cumulative return in cash sums $97,977. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,817/mo property income rather than buyer’s personal income.
Condo
Built in 1991
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43068, Reynoldsburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,379 (100%) |
| Owner Occupied HU | 13,666 (56.1%) |
| Renter Occupied HU | 9,702 (39.8%) |
| Vacant Housing Units | 1,011 ( 4.1%) |
| Median Home Value | $265,375 |
| Average Home Value | $282,121 |
Housing Distribution
Address Breakdown
Residential
23,572
Single Family
22,103
Multi-Family
1,469
Businesses
1,400
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Listed by: Jennifer Calland • Real of Ohio
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225043485