201 E German StNew KnoxvilleOH45871
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 New Knoxville at 201 E German St, New Knoxville, OH, 45871 offers a 8.93% rental yield on a $204,700 purchase with $1,523/mo rent. Total monthly income registers $1,523/mo, and a $1,002/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,117/yr on $67,858 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $1,321/yr while 5% annual appreciation supports $56,555 over five years. Portfolio math shows five-year ROI at 120.12% and total cumulative return in cash at $81,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,523/mo property income against a $1,002/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45871, New Knoxville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 604 (76.6%) |
| Renter Occupied HU | 154 (19.5%) |
| Vacant Housing Units | 30 ( 3.8%) |
| Median Home Value | $235,057 |
| Average Home Value | $274,797 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
47
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Listed by: Timothy Eiting • Eiting Real Estate
Mls Name: WRIST
Mls ID: #1040636