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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 238 E Main St, New London, OH, 44851 offers $1,734/mo rent that, after a $1,272/mo payment, leaves $25/mo cash flow. Total monthly income is $1,734/mo, and annual cash flow is $294/yr on $86,157 cash. Return on cash invested measures 20.25% in year one, and rental yield stands at 8.01% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 105.22% and total cumulative return in cash reaches $90,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,734/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.39 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 |
|---|---|---|
| 2025-07-11 | Sold | $259,900 |
| 2025-07-09 | Pending sale | $259,900 |
| 2025-05-22 | Contingent | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $2311.62 | 21.22% | $63,680 | 25.75% |
| 2023-11-01 | $1906.94 | 7.53% | $50,640 | N/A |
| 2022-11-01 | $1773.46 | -0.06% | $50,640 | N/A |
Listed by: Zachary A Johnson • Smart Choice Realty, LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5124762
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.
