1994 Dumont StNewarkOH43055
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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 1994 Dumont St, Newark, OH, 43055 uses $84,533 cash to close to unlock $3,357/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,248/mo payment keeps the spread at $280/mo. Purchase price stands at $255,000, and rental yield measures 9.21% with $1,957/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 124.65% and total cumulative return in cash records $105,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 2005
1,742 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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