218 Steven LnNewarkOH43056
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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 218 Steven Ln, Newark, OH, 43056 with 5% annual appreciation on a $289,000 basis while $1,830/mo rent supports operations. 01% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 7.6%. Five-year ROI measures 98.57% and total cumulative return in cash totals $94,430. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,830/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43056, Heath, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 5,490 (72.3%) |
| Renter Occupied HU | 1,816 (23.9%) |
| Vacant Housing Units | 285 ( 3.8%) |
| Median Home Value | $283,417 |
| Average Home Value | $310,703 |
Housing Distribution
Address Breakdown
Residential
7,530
Single Family
7,278
Multi-Family
252
Businesses
601
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Listed by: Sarah Drayton • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225008185
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.