1288 Us Route 224New LondonOH44851
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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
Investment property for sale in New London at 1288 Us Route 224, New London, OH, 44851 listed at $1,167,500 pairs $1,448/mo rent with a $5,714/mo payment. Total monthly income runs $1,448/mo. Return on cash invested measures 0.6% in year one, and rental yield registers 1.49% at a $1,167,500 basis. Equity gained on principal adds $7,534/yr, and annual property appreciation at 5% supports $322,559 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,448/mo property income relative to a $5,714/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1901
86.20 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
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Listed by: Team Patton • Coldwell Banker Ward Real Estate
Mls Name: Ashland BOR
Mls ID: #229569
Disclaimer: Copyright Ashland Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.