38 Short Sherman St, New London, OH, 44851 | $224/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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38 Short Sherman St, New London, OH, 44851 | $224/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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75 Sherman St, New London, OH, 44851

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

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Investment Highlights

Investment property for sale in New London at 38 Short Sherman St, New London, OH, 44851 uses $51,383 cash to close to unlock $2,689/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,244/mo, and a $759/mo payment keeps the spread at $224/mo. Purchase price stands at $155,000, and rental yield measures 9.63% with $1,244/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 131.54% and total cumulative return in cash records $67,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $759/mo payment rather than investor’s personal income.

Single Family

Built in 2007

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home To 38 Short Sherman Street In New London, Oh. You Don't Want To Miss This Rare Opportunity. Nestled In A Charming Rural Town, This Newer Home Offers Modern Comfort And Style. Featuring Three Spacious Bedrooms And 2.5 Bathrooms, It's The Perfect Blend Of Functionality And Elegance. The Master Suite Is Complete With A Full Master Bath. You Also Have The Convenience Of A Half Bath On The First Floor. The Kitchen Appliances Are Included, Making Moving In Effortless. Complete With A Walk In Pantry Off The Kitchen As Well. The Home Boasts A Full, Unfinished Basement, Presenting An Excellent Opportunity For Customization And Added Living Space. Its Stunning Curb Appeal Is Sure To Catch Your Eye, Complemented By A Cute, Quaint Front Porch And A Welcoming Back Deck, Ideal For Outdoor Relaxation. With A Paved Driveway And A Home That's Under 20 Years Old, This Property Combines Convenience And Contemporary Living In A Peaceful Setting, Located On A Dead-end Street.

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