221 Mills PlNew LebanonOH45345
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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 Lebanon at 221 Mills Pl, New Lebanon, OH, 45345 uses $86,024 cash to close to unlock $4,226/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $1,270/mo payment keeps the spread at $352/mo. Purchase price stands at $259,500, and rental yield measures 9.52% with $2,059/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $111,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $1,270/mo payment rather than investor’s personal income.
Single Family
Built in 1966
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45345, New Lebanon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,845 (70.2%) |
| Renter Occupied HU | 627 (23.8%) |
| Vacant Housing Units | 158 ( 6.0%) |
| Median Home Value | $190,094 |
| Average Home Value | $220,337 |
Housing Distribution
Address Breakdown
Residential
2,625
Single Family
2,603
Multi-Family
22
Businesses
132
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Listed by: Andrew Gaydosh • eXp Realty
Mls Name: DABR MLS
Mls ID: #943084