2985 Township Road 362 SENew lexingtonOH43764
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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
Total monthly income runs $1,019/mo, and a $1,904/mo payment. Purchase price stands at $389,000, and rental yield measures 3.14% with $1,019/mo rent. Return on cash invested shows 5.58% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 26.54% and total cumulative return in cash records $34,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1901
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43764, New Lexington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,614 (100%) |
| Owner Occupied HU | 2,303 (63.7%) |
| Renter Occupied HU | 1,023 (28.3%) |
| Vacant Housing Units | 288 ( 8.0%) |
| Median Home Value | $162,197 |
| Average Home Value | $199,648 |
Housing Distribution
Address Breakdown
Residential
3,169
Single Family
3,070
Multi-Family
99
Businesses
292
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Listed by: Sherry A Ziemer • Carol Goff & Associates
Mls Name: MLS Now
Mls ID: #5182596