401 W Bremen StNew KnoxvilleOH45871
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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 Knoxville at 401 W Bremen St, New Knoxville, OH, 45871 uses $76,577 cash to close to unlock $4,970/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,131/mo payment keeps the spread at $414/mo. Purchase price stands at $231,000, and rental yield measures 10.05% with $1,934/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $63,821 over five years. Five-year ROI reaches 138.21% and total cumulative return in cash records $105,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,131/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45871, New Knoxville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 604 (76.6%) |
| Renter Occupied HU | 154 (19.5%) |
| Vacant Housing Units | 30 ( 3.8%) |
| Median Home Value | $235,057 |
| Average Home Value | $274,797 |
Housing Distribution
Address Breakdown
Residential
485
Single Family
485
Multi-Family
0
Businesses
47
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Listed by: Erica Duncan • Plus One Professionals
Mls Name: WRIST
Mls Provider:
Mls ID: #1039175
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.