420 S Herman StNew BremenOH45869
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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
Rental property for sale in New Bremen at 420 S Herman St, New Bremen, OH, 45869 priced at $209,000 converts $1,680/mo rent into $305/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $3,662/yr on $69,284 invested. Return on cash invested prints 25.19% in year one, and rental yield reads 9.65% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 131.77% and total cumulative return in cash sums $91,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45869, New Bremen, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,875 (100%) |
| Owner Occupied HU | 1,478 (78.8%) |
| Renter Occupied HU | 296 (15.8%) |
| Vacant Housing Units | 101 ( 5.4%) |
| Median Home Value | $259,420 |
| Average Home Value | $301,534 |
Housing Distribution
Address Breakdown
Residential
1,788
Single Family
1,788
Multi-Family
0
Businesses
128
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Listed by: Tim P. Hemmelgarn • Hemmelgarn Real Estate
Mls Name: WRIST
Mls Provider:
Mls ID: #1033613
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.