106 W Spring StNew KnoxvilleOH45871
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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 Knoxville at 106 W Spring St, New Knoxville, OH, 45871 at $224,900 posts ROI 22.06% with $133/mo cash flow from $1,613/mo rent. Total monthly income equals $1,613/mo, and annual cash flow records $1,601/yr on $74,554 to close. Return on cash invested measures 22.06% and rental yield reads 8.61% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 114.89% and total cumulative return in cash totals $85,657.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,613/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45871, New Knoxville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 604 (76.6%) |
| Renter Occupied HU | 154 (19.5%) |
| Vacant Housing Units | 30 ( 3.8%) |
| Median Home Value | $235,057 |
| Average Home Value | $274,797 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
47
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Nearby investment properties with comparable prices
Listed by: Kassandra Gilbert • Closing Time Realty
Mls Name: WRIST
Mls ID: #1042994