1953 Cumberland St #P31NE9NewarkOH43055
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
Investment property for sale in Newark at 1953 Cumberland St #P31NE9, Newark, OH, 43055 earns $812/mo cash flow from $2,594/mo rent with a $1,259/mo payment. Total monthly income totals $2,594/mo, and annual cash flow totals $9,744/yr on $85,262 capital. ROI tracks 31.34% on current figures, and rental yield reads 12.1% at a $257,200 purchase. Equity gained on principal adds $1,660/yr, and 5% annual appreciation supports $71,060 over five years. Five-year ROI reaches 165.16% and total cumulative return in cash sums $140,822. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,594/mo property income instead of your personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices