Promenade Plan, The Courtyards at Haines CreekNew 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 Promenade Plan, The Courtyards at Haines Creek, New Albany, OH, 43054 priced at $569,900 converts $3,878/mo rent into $130/mo cash flow after a $2,789/mo obligation. Total monthly income equals $3,878/mo, and annual cash flow totals $1,556/yr on $187,497 invested. Return on cash invested prints 20.89% in year one, and rental yield reads 8.17% against a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation compiles into $157,453 by year five. Five-year ROI reaches 108.59% and total cumulative return in cash sums $203,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,878/mo property income covering a $2,789/mo payment, not borrower’s personal income.
Single Family
Built in 2026
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
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Listed by: N/A • Epcon Communities
Mls Name: Epcon Communities
Mls ID: #N/A