206 W Water StNew LexingtonOH43764
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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 Lexington at 206 W Water St, New Lexington, OH, 43764 priced at $130,900 converts $1,451/mo rent into $590/mo cash flow after a $641/mo obligation. Total monthly income equals $1,451/mo, and annual cash flow totals $7,076/yr on $43,393 invested. Return on cash invested prints 36.22% in year one, and rental yield reads 13.3% against a $130,900 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation compiles into $36,165 by year five. Five-year ROI reaches 190.83% and total cumulative return in cash sums $82,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,451/mo property income covering a $641/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43764, New Lexington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,614 (100%) |
| Owner Occupied HU | 2,303 (63.7%) |
| Renter Occupied HU | 1,023 (28.3%) |
| Vacant Housing Units | 288 ( 8.0%) |
| Median Home Value | $162,197 |
| Average Home Value | $199,648 |
Housing Distribution
Address Breakdown
Residential
3,169
Single Family
3,070
Multi-Family
99
Businesses
292
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