253 Robbins DrNewarkOH43055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Newark at 253 Robbins Dr, Newark, OH, 43055 priced at $182,500 pairs $1,673/mo rent with $473/mo cash flow after a $893/mo payment. Total monthly income equals $1,673/mo, and annual cash flow comes to $5,673/yr on $60,499 invested. Return on cash invested is 29.29% in year one, and rental yield stands at 11% on a $182,500 basis. Equity gained on principal adds $1,178/yr, and 5% annual appreciation accumulates to $50,421 by year five. Five-year ROI measures 153.66% and total cumulative return in cash reaches $92,962. For financing, Ziffy Mortgage’s DSCR program evaluates $1,673/mo property income against a $893/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43055, Newark, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,794 (100%) |
| Owner Occupied HU | 16,255 (58.5%) |
| Renter Occupied HU | 9,983 (35.9%) |
| Vacant Housing Units | 1,556 ( 5.6%) |
| Median Home Value | $217,191 |
| Average Home Value | $276,571 |
Housing Distribution
Address Breakdown
Residential
26,870
Single Family
25,723
Multi-Family
1,147
Businesses
1,524
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Listed by: Leanne Steiff • e-Merge Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225016503
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.