1637 E High AveNew PhiladelphiaOH44663
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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 Philadelphia at 1637 E High Ave, New Philadelphia, OH, 44663 offers a 9.57% rental yield on a $169,900 purchase with $1,355/mo rent. Total monthly income registers $1,355/mo, and a $832/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,844/yr on $56,322 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 130.42% and total cumulative return in cash at $73,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,355/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44663, New Philadelphia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,756 (100%) |
| Owner Occupied HU | 7,291 (62.0%) |
| Renter Occupied HU | 3,602 (30.6%) |
| Vacant Housing Units | 863 ( 7.3%) |
| Median Home Value | $199,935 |
| Average Home Value | $233,308 |
Housing Distribution
Address Breakdown
Residential
11,284
Single Family
11,154
Multi-Family
130
Businesses
1,020
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Listed by: Jeffrey P Mathias • Howard Hanna
Mls Name: MLS Now
Mls ID: #5127250