390 Cedarcrest AveNewarkOH43055
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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 Newark at 390 Cedarcrest Ave, Newark, OH, 43055 with 5% annual appreciation on a $115,500 basis while $1,690/mo rent supports operations. Total monthly income totals $1,690/mo and a $565/mo payment preserves $931/mo for cash returns. Annual cash flow comes to $11,167/yr on $38,288 deployed, and return on cash invested reaches 49.07% in year one. Equity gained on principal adds $745/yr, and five-year appreciation sums $31,911 alongside rental yield of 17.56%. Five-year ROI measures 259.78% and total cumulative return in cash totals $99,466.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,690/mo property income versus a $565/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1931
0.25 Acres 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
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Listed by: Courtney C Wilson • RE/MAX 360
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225041603
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.