163 Williams StNew 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 163 Williams St, New London, OH, 44851 uses $53,007 cash to close to unlock $1,054/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $783/mo payment keeps the spread at $88/mo. Purchase price stands at $159,900, and rental yield measures 8.56% with $1,140/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $60,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.25 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: Christopher A Frederick • Coldwell Banker Schmidt Realty
Mls Name: MLS Now
Mls ID: #5175635