220 S 6th StNewarkOH43055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 220 S 6th St, Newark, OH, 43055 at $180,000 posts ROI 23.41% with $174/mo cash flow from $1,358/mo rent. Total monthly income equals $1,358/mo, and annual cash flow records $2,088/yr on $59,670 to close. Return on cash invested measures 23.41% and rental yield reads 9.05% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 122.12% and total cumulative return in cash totals $72,869.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,358/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1917
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43055, Newark, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,794 (100%) |
| Owner Occupied HU | 16,255 (58.5%) |
| Renter Occupied HU | 9,983 (35.9%) |
| Vacant Housing Units | 1,556 ( 5.6%) |
| Median Home Value | $217,191 |
| Average Home Value | $276,571 |
Housing Distribution
Address Breakdown
Residential
26,870
Single Family
25,723
Multi-Family
1,147
Businesses
1,524
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