118 W Main StNew LondonOH44851
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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 London at 118 W Main St, New London, OH, 44851 earns from $1,027/mo rent with a $832/mo payment. Total monthly income totals $1,027/mo. ROI tracks 17.97% on current figures, and rental yield reads 7.25% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 92.96% and total cumulative return in cash sums $52,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,027/mo property income instead of your personal income.
Multi Family
Built in 1972
7,910 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44851, New London, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,526 (70.0%) |
| Renter Occupied HU | 492 (22.6%) |
| Vacant Housing Units | 162 ( 7.4%) |
| Median Home Value | $169,248 |
| Average Home Value | $218,262 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
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Listed by: Tracy Jones • Keller Williams Elevate
Mls Name: MLS Now
Mls ID: #5136874