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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New London at 224 Us Highway 250 N, New London, OH, 44851 generates $1,140/mo in rent, after a $881/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 19.03% in year one, and rental yield is 7.6% 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 98.69% and total cumulative return in cash sums $58,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1843
3.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44851, New London, OH area.
| 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 |
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $179,900 |
| 2020-04-06 | Sold | $104,000 |
| 2015-12-07 | Sold | $60,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $1270.49 | 0.10% | $37,050 | N/A |
| 2022-04-17 | $1269.26 | -3.30% | $37,050 | N/A |
| 2021-04-17 | $1312.59 | -0.23% | $37,050 | 3.64% |
Listed by: Justin A. Ewell, CNE • Ewell & Associates
Mls Name: Firelands MLS
Mls ID: #20251318
Disclaimer: Listing information is deemed reliable, but not guaranteed.
