425 Providence Ave SENew PhiladelphiaOH44663
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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 Philadelphia at 425 Providence Ave SE, New Philadelphia, OH, 44663 listed at $279,900 pairs $1,800/mo rent with a $1,370/mo payment. Total monthly income runs $1,800/mo. Return on cash invested measures 19.38% in year one, and rental yield registers 7.72% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 100.5% and total cumulative return in cash totals $93,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44663, New Philadelphia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,756 (100%) |
| Owner Occupied HU | 7,291 (62.0%) |
| Renter Occupied HU | 3,602 (30.6%) |
| Vacant Housing Units | 863 ( 7.3%) |
| Median Home Value | $199,935 |
| Average Home Value | $233,308 |
Housing Distribution
Address Breakdown
Residential
11,284
Single Family
11,154
Multi-Family
130
Businesses
1,020
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Listed by: Steve Neisel • Cutler Real Estate
Mls Name: MLS Now
Mls ID: #5178869