224 Drina AveNew 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
Rental property for sale in New Lebanon at 224 Drina Ave, New Lebanon, OH, 45345 generates $1,643/mo in rent and, after a $881/mo payment, leaves $459/mo in cash flow. Total monthly income is $1,643/mo, and annual cash flow is $5,510/yr on $59,637 invested. Return on cash invested sits at 29.15% in year one, and rental yield is 10.96% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 152.98% and total cumulative return in cash sums $91,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,643/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
7,840 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: Savanna Perkins • Red 1 Realty
Mls Name: DABR MLS
Mls ID: #946281