3054 Richmond Palestine RdNew MadisonOH45346
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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 New Madison at 3054 Richmond Palestine Rd, New Madison, OH, 45346 listed at $474,900 pairs $2,015/mo rent with a $2,324/mo payment. Total monthly income runs $2,015/mo. Return on cash invested measures 11.46% in year one, and rental yield registers 5.09% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 58.05% and total cumulative return in cash totals $91,391. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,015/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1881
18.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45346, New Madison, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 664 (72.6%) |
| Renter Occupied HU | 148 (16.2%) |
| Vacant Housing Units | 103 (11.3%) |
| Median Home Value | $196,500 |
| Average Home Value | $279,838 |
Housing Distribution
Address Breakdown
Residential
816
Single Family
816
Multi-Family
0
Businesses
45
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Listed by: Shaun Hayes • Berkshire Hathaway Home Services
Mls Name: RLMS
Mls ID: #10051415