155 E Main St, New London, OH, 44851 | 7.6% Rental Yield

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155 E Main St, New London, OH, 44851 | 7.6% Rental Yield | Ziffy

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

Rental property for sale in New London at 155 E Main St, New London, OH, 44851 offers $1,140/mo rent that, after a $881/mo payment. Total monthly income is $1,140/mo. Return on cash invested measures 19.03% in year one, and rental yield stands at 7.6% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 98.69% and total cumulative return in cash reaches $58,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1875

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this inviting Colonial! Offering 4 bedrooms and 2 full bathrooms, filled with natural light and original character. Beautiful hardwood floors flow throughout the home, highlighting the spacious and functional layout. The main level features a large dining room, oversized kitchen, living room, family room, and convenient laundry area. Upstairs, youll find three bedrooms and the second full bathroom. The upper level has been refreshed with new carpet and fresh paint, making it move-in ready. Enjoy quiet mornings or evenings on the large front porch, or take advantage of the two-car garage for added storage and parking. Major updates provide peace of mind, including a newer roof, furnace (2024), hot water tank, windows and electrical panel (2025). This home is the perfect blend of historic charm and modern updatesready to welcome its next owner.

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