346 W State StNewcomerstownOH43832
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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
Total monthly income runs $720/mo, and a $587/mo payment. Purchase price stands at $119,900, and rental yield measures 7.21% with $720/mo rent. Return on cash invested shows 17.83% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 92.29% and total cumulative return in cash records $36,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $720/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43832, Newcomerstown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,324 (100%) |
| Owner Occupied HU | 2,098 (63.1%) |
| Renter Occupied HU | 830 (25.0%) |
| Vacant Housing Units | 396 (11.9%) |
| Median Home Value | $165,302 |
| Average Home Value | $237,464 |
Housing Distribution
Address Breakdown
Residential
3,151
Single Family
3,078
Multi-Family
73
Businesses
199
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Listed by: Cheryl K Hogue • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls ID: #5177270