406 Wehrle AveNewarkOH43055
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 406 Wehrle Ave, Newark, OH, 43055 priced at $195,900 converts $1,980/mo rent into $691/mo cash flow after a $959/mo obligation. Total monthly income equals $1,980/mo, and annual cash flow totals $8,295/yr on $64,941 invested. Return on cash invested prints 32.68% in year one, and rental yield reads 12.13% against a $195,900 entry. Equity gained on principal adds $1,264/yr, while 5% annual appreciation compiles into $54,124 by year five. Five-year ROI reaches 171.89% and total cumulative return in cash sums $111,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $959/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,227 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
Listed by: Andrew P Guanciale • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224036399
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.