2193 E High AveNew PhiladelphiaOH44663
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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 Philadelphia at 2193 E High Ave, New Philadelphia, OH, 44663 generates $1,794/mo in rent and, after a $592/mo payment, leaves $985/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $11,814/yr on $40,112 invested. Return on cash invested sits at 49.36% in year one, and rental yield is 17.79% on a $121,000 entry. Equity gained on principal adds $781/yr, while 5% annual appreciation builds toward $33,430 over five years. Five-year ROI reaches 261.52% and total cumulative return in cash sums $104,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44663, New Philadelphia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,756 (100%) |
| Owner Occupied HU | 7,291 (62.0%) |
| Renter Occupied HU | 3,602 (30.6%) |
| Vacant Housing Units | 863 ( 7.3%) |
| Median Home Value | $199,935 |
| Average Home Value | $233,308 |
Housing Distribution
Address Breakdown
Residential
11,284
Single Family
11,154
Multi-Family
130
Businesses
1,020
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Listed by: Ashley L Curran • Howard Hanna
Mls Name: MLS Now
Mls ID: #5130079