34 Park AveNew LondonOH44851
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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 London at 34 Park Ave, New London, OH, 44851 at $125,000 posts ROI 24.47% with $158/mo cash flow from $980/mo rent. Total monthly income equals $980/mo, and annual cash flow records $1,891/yr on $41,438 to close. Return on cash invested measures 24.47% and rental yield reads 9.41% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 127.9% and total cumulative return in cash totals $52,997.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $980/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1882
6,216 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44851, New London, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,526 (70.0%) |
| Renter Occupied HU | 492 (22.6%) |
| Vacant Housing Units | 162 ( 7.4%) |
| Median Home Value | $169,248 |
| Average Home Value | $218,262 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
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Listed by: Kimberly Guelker • Berkshire HathawayHome Service
Mls Name: Firelands MLS
Mls ID: #20253678
Disclaimer: Listing information is deemed reliable, but not guaranteed.