110 Cherry LnNew ConcordOH43762
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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 Concord at 110 Cherry Ln, New Concord, OH, 43762 offers $1,800/mo rent that, after a $1,223/mo payment, leaves $156/mo cash flow. Total monthly income is $1,800/mo, and annual cash flow is $1,876/yr on $82,842 cash. Return on cash invested measures 22.17% in year one, and rental yield stands at 8.64% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 115.54% and total cumulative return in cash reaches $95,714. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43762, New Concord, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 1,353 (67.9%) |
| Renter Occupied HU | 452 (22.7%) |
| Vacant Housing Units | 189 ( 9.5%) |
| Median Home Value | $282,478 |
| Average Home Value | $310,222 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,885
Multi-Family
8
Businesses
138
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Listed by: Carol A Goff • Carol Goff & Associates
Mls Name: MLS Now
Mls ID: #5177015