244 W Washington StNew MadisonOH45346
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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 Madison at 244 W Washington St, New Madison, OH, 45346 with 5% annual appreciation on a $159,500 basis while $935/mo rent supports operations. 31% in year one. Equity gained on principal adds $1,029/yr, and five-year appreciation sums $44,067 alongside rental yield of 7.03%. Five-year ROI measures 89.49% and total cumulative return in cash totals $47,317. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $935/mo property income versus a $781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45346, New Madison, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 664 (72.6%) |
| Renter Occupied HU | 148 (16.2%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $196,500 |
| Average Home Value | $279,838 |
Housing Distribution
Address Breakdown
Residential
816
Single Family
816
Multi-Family
0
Businesses
45
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Listed by: Kurt Beisner • EB Real Estate
Mls Name: DABR MLS
Mls ID: #943583