249 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 249 W Washington St, New Madison, OH, 45346 uses $38,123 cash to close to unlock $1,865/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $912/mo, and a $563/mo payment keeps the spread at $155/mo. Purchase price stands at $115,000, and rental yield measures 9.52% with $912/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.68% and total cumulative return in cash records $49,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $912/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1899
0.28 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: Dustin Leis • Leis Realty Company
Mls Name: RLMS
Mls ID: #10050663