16 N 7th StNewarkOH43055
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
Investment Highlights
Rental property for sale in Newark at 16 N 7th St, Newark, OH, 43055 priced at $168,300 pairs $1,552/mo rent with $445/mo cash flow after a $824/mo payment. Total monthly income equals $1,552/mo, and annual cash flow comes to $5,336/yr on $55,791 invested. Return on cash invested is 29.47% in year one, and rental yield stands at 11.07% on a $168,300 basis. Equity gained on principal adds $1,086/yr, and 5% annual appreciation accumulates to $46,498 by year five. Five-year ROI measures 154.67% and total cumulative return in cash reaches $86,295. For financing, Ziffy Mortgage’s DSCR program evaluates $1,552/mo property income against a $824/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1909
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43055, Newark, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,794 (100%) |
| Owner Occupied HU | 16,255 (58.5%) |
| Renter Occupied HU | 9,983 (35.9%) |
| Vacant Housing Units | 1,556 ( 5.6%) |
| Median Home Value | $217,191 |
| Average Home Value | $276,571 |
Housing Distribution
Address Breakdown
Residential
26,870
Single Family
25,723
Multi-Family
1,147
Businesses
1,524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices