232 7th St NENew PhiladelphiaOH44663
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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 Philadelphia at 232 7th St NE, New Philadelphia, OH, 44663 uses $61,957 cash to close to unlock $6,845/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $915/mo payment keeps the spread at $570/mo. Purchase price stands at $186,900, and rental yield measures 11.56% with $1,800/mo rent. Return on cash invested shows 30.96% in year one, and 5% annual appreciation builds toward $51,637 over five years. Five-year ROI reaches 162.65% and total cumulative return in cash records $100,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1890
7,971 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44663, New Philadelphia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,756 (100%) |
| Owner Occupied HU | 7,291 (62.0%) |
| Renter Occupied HU | 3,602 (30.6%) |
| Vacant Housing Units | 863 ( 7.3%) |
| Median Home Value | $199,935 |
| Average Home Value | $233,308 |
Housing Distribution
Address Breakdown
Residential
11,284
Single Family
11,154
Multi-Family
130
Businesses
1,020
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Listed by: Jeffrey P Mathias • Howard Hanna
Mls Name: MLS Now
Mls ID: #5140102