26 Garrick StNewarkOH43055
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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 Newark at 26 Garrick St, Newark, OH, 43055 with 5% annual appreciation on a $274,900 basis while $2,522/mo rent supports operations. Total monthly income totals $2,522/mo and a $1,346/mo payment preserves $714/mo for cash returns. Annual cash flow comes to $8,571/yr on $91,129 deployed, and return on cash invested reaches 29.31% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 11.01%. Five-year ROI measures 153.82% and total cumulative return in cash totals $140,175.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,522/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.38 Acres 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: Kim Christensen • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015267
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.