39 N 31st StNewarkOH43055
Nearby investment properties with comparable rents
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
Rental property for sale in Newark at 39 N 31st St, Newark, OH, 43055 generates $1,980/mo in rent and, after a $1,125/mo payment, leaves $468/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $5,616/yr on $76,212 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 10.33% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 142.84% and total cumulative return in cash sums $108,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43055, Newark, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,794 (100%) |
| Owner Occupied HU | 16,255 (58.5%) |
| Renter Occupied HU | 9,983 (35.9%) |
| Vacant Housing Units | 1,556 ( 5.6%) |
| Median Home Value | $217,191 |
| Average Home Value | $276,571 |
Housing Distribution
Address Breakdown
Residential
26,870
Single Family
25,723
Multi-Family
1,147
Businesses
1,524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices