319 Mill StNew 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
Investment property for sale in New Lexington at 319 Mill St, New Lexington, OH, 43764 with 5% annual appreciation on a $115,000 basis while $1,019/mo rent supports operations. Total monthly income totals $1,019/mo and a $563/mo payment preserves $262/mo for cash returns. Annual cash flow comes to $3,149/yr on $38,123 deployed, and return on cash invested reaches 28.17% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 10.63%. Five-year ROI measures 147.75% and total cumulative return in cash totals $56,325.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,019/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1912
5,662 sqft 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: Gracee Poorman • Hill Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225045478