303 N Smith StNew CarlisleOH45344
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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 Carlisle at 303 N Smith St, New Carlisle, OH, 45344 generates $1,959/mo in rent and, after a $1,273/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,959/mo, and annual cash flow is $2,980/yr on $86,190 invested. Return on cash invested sits at 23.37% in year one, and rental yield is 9.04% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 121.94% and total cumulative return in cash sums $105,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,959/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45344, New Carlisle, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,988 (100%) |
| Owner Occupied HU | 5,167 (73.9%) |
| Renter Occupied HU | 1,426 (20.4%) |
| Vacant Housing Units | 395 ( 5.7%) |
| Median Home Value | $176,764 |
| Average Home Value | $234,341 |
Housing Distribution
Address Breakdown
Residential
6,926
Single Family
6,651
Multi-Family
275
Businesses
319
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Listed by: Diana Taylor • BHHS Professional Realty
Mls Name: DABR MLS
Mls ID: #950173