202 Nelson StNew ParisOH45347
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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 New Paris at 202 Nelson St, New Paris, OH, 45347 priced at $105,000 converts $820/mo rent into $129/mo cash flow after a $514/mo obligation. Total monthly income equals $820/mo, and annual cash flow totals $1,551/yr on $34,808 invested. Return on cash invested prints 24.36% in year one, and rental yield reads 9.37% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 127.36% and total cumulative return in cash sums $44,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $820/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1960
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45347, New Paris, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,874 (100%) |
| Owner Occupied HU | 1,291 (68.9%) |
| Renter Occupied HU | 400 (21.3%) |
| Vacant Housing Units | 183 ( 9.8%) |
| Median Home Value | $157,884 |
| Average Home Value | $218,224 |
Housing Distribution
Address Breakdown
Residential
1,811
Single Family
1,779
Multi-Family
32
Businesses
82
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