124 E Main StNew LondonOH44851
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 124 E Main St, New London, OH, 44851 in New London hard to pass up. The 17.26% gross yield on a $119,900 purchase results in $1,724/mo in rent and $936/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.20). Annual cash flow of $11,229, five-year appreciation of $33,126, and $1,104/yr in equity build-up combine for a projected total cumulative return of $105,900.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.3% | 6.2% |
| Monthly Cash Flow | $936 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,724 |
| Total Monthly Debt Service | $741 |
| DSCR Ratio | 2.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.30 Acres 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1920
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Jones • Keller Williams Elevate
Mls Name: MAR
Mls Provider:
Mls ID: #9066884
Disclaimer: Copyright Mansfield Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.