2920 Southland RdNew BremenOH45869
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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
Rental property for sale in New Bremen at 2920 Southland Rd, New Bremen, OH, 45869 offers $1,583/mo rent that, after a $1,346/mo payment. Total monthly income is $1,583/mo. Return on cash invested measures 16.95% in year one, and rental yield stands at 6.91% at a $274,900 entry. Equity gained on principal adds $1,774/yr while 5% annual appreciation compounds into $75,950 by year five. Five-year ROI records 87.52% and total cumulative return in cash reaches $79,755. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,583/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45869, New Bremen, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,875 (100%) |
| Owner Occupied HU | 1,478 (78.8%) |
| Renter Occupied HU | 296 (15.8%) |
| Vacant Housing Units | 101 ( 5.4%) |
| Median Home Value | $259,420 |
| Average Home Value | $301,534 |
Housing Distribution
Address Breakdown
Residential
1,788
Single Family
1,788
Multi-Family
0
Businesses
128
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Listed by: Kassandra Gilbert • Closing Time Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306646
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.