191 Elmwood AveNewarkOH43055
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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
Rental property for sale in Newark at 191 Elmwood Ave, Newark, OH, 43055 priced at $194,999 converts $1,480/mo rent into $198/mo cash flow after a $954/mo obligation. Total monthly income equals $1,480/mo, and annual cash flow totals $2,373/yr on $64,642 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 9.11% against a $194,999 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 123.04% and total cumulative return in cash sums $79,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,480/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,356 sqft 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
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