223 E Broadway StNew LexingtonOH43764
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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 Lexington at 223 E Broadway St, New Lexington, OH, 43764 listed at $124,900 pairs $974/mo rent with a $611/mo payment to leave $153/mo cash flow. Total monthly income runs $974/mo, and annual cash flow reaches $1,833/yr on $41,404 cash to close. Return on cash invested measures 24.34% in year one, and rental yield registers 9.36% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 127.11% and total cumulative return in cash totals $52,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $974/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43764, New Lexington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,614 (100%) |
| Owner Occupied HU | 2,303 (63.7%) |
| Renter Occupied HU | 1,023 (28.3%) |
| Vacant Housing Units | 288 ( 8.0%) |
| Median Home Value | $162,197 |
| Average Home Value | $199,648 |
Housing Distribution
Address Breakdown
Residential
3,169
Single Family
3,070
Multi-Family
99
Businesses
292
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Listed by: Derek Cozad • SAYRE SEALS & MCMILLAN REAL ESTATE LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225042158