307 E Cherry StNew ParisOH45347
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Nearby investment properties with comparable prices
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 Paris at 307 E Cherry St, New Paris, OH, 45347 offers a 9.46% rental yield on a $179,000 purchase with $1,411/mo rent. Total monthly income registers $1,411/mo, and a $876/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,804/yr on $59,339 to close, and return on cash invested stands at 24.63% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 128.68% and total cumulative return in cash at $76,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,411/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45347, New Paris, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,874 (100%) |
| Owner Occupied HU | 1,291 (68.9%) |
| Renter Occupied HU | 400 (21.3%) |
| Vacant Housing Units | 183 ( 9.8%) |
| Median Home Value | $157,884 |
| Average Home Value | $218,224 |
Housing Distribution
Address Breakdown
Residential
1,811
Single Family
1,779
Multi-Family
32
Businesses
82
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