13 Grant St, New London, OH, 44851 | $154/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New London at 13 Grant St, New London, OH, 44851 uses $49,692 cash to close to unlock $1,844/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $734/mo payment keeps the spread at $154/mo. Purchase price stands at $149,900, and rental yield measures 9.13% with $1,140/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.28% and total cumulative return in cash records $61,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $734/mo payment rather than investor’s personal income.

Single Family

Built in 1900

7,657 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 13 Grant Street in New London! This charming home offers 1,577 sqft of comfortable living space, featuring 3 bedrooms and 1 bathroom. Enjoy the convenience of a first-floor bedroom, perfect for easy access, along with a dedicated laundry room. The bathroom has been thoughtfully updated in 2022, providing a fresh and modern feel. Step outside to discover a lovely deck at the back of the property, perfect for outdoor relaxation or entertaining guests. You'll have peace of mind knowing that the furnace and A/C were replaced in 2024, h2o tank in 2022. Additionally, a new sump pump was installed in 2025, ensuring the home remains well-maintained for years to come. This older home beautifully blends classic charm with modern touches, making it move-in ready for you to enjoy. Don't miss the opportunity to make this lovely property your own

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