1953 Cumberland St #HJR0SLNewarkOH43055
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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 Newark at 1953 Cumberland St #HJR0SL, Newark, OH, 43055 offers a 12.9% rental yield on a $308,400 purchase with $3,316/mo rent. Total monthly income registers $3,316/mo, and a $1,509/mo payment leaves $1,198/mo available for distribution. Annual cash flow reaches $14,374/yr on $102,235 to close, and return on cash invested stands at 33.97% in year one. Equity gained on principal adds $1,990/yr while 5% annual appreciation supports $85,205 over five years. Portfolio math shows five-year ROI at 179.13% and total cumulative return in cash at $183,129. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,316/mo property income against a $1,509/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
$90 monthly 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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