7647 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
Investment property for sale in Reynoldsburg at 7647 Redman Ln, Reynoldsburg, OH, 43068 earns $71/mo cash flow from $1,696/mo rent with a $1,209/mo payment. Total monthly income totals $1,696/mo, and annual cash flow totals $855/yr on $81,881 capital. ROI tracks 20.95% on current figures, and rental yield reads 8.24% at a $247,000 purchase. Equity gained on principal adds $1,594/yr, and 5% annual appreciation supports $68,242 over five years. Five-year ROI reaches 108.98% and total cumulative return in cash sums $89,236. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,696/mo property income instead of your 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: Sam Cooper • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225044681