22 E Fir StNew LondonOH44851
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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 New London at 22 E Fir St, New London, OH, 44851 with 5% annual appreciation on a $175,000 basis while $1,512/mo rent supports operations. Total monthly income totals $1,512/mo and a $857/mo payment preserves $360/mo for cash returns. Annual cash flow comes to $4,325/yr on $58,013 deployed, and return on cash invested reaches 27.36% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 10.37%. Five-year ROI measures 143.38% and total cumulative return in cash totals $83,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,512/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44851, New London, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,526 (70.0%) |
| Renter Occupied HU | 492 (22.6%) |
| Vacant Housing Units | 162 ( 7.4%) |
| Median Home Value | $169,248 |
| Average Home Value | $218,262 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
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Listed by: Kendra S. Clark • Plum Tree Realty
Mls Name: Firelands MLS
Mls ID: #20254598