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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New London at 45 N Railroad St, New London, OH, 44851 with 5% annual appreciation on a $125,000 basis while $1,140/mo rent supports operations. Total monthly income totals $1,140/mo and a $612/mo payment preserves $318/mo for cash returns. Annual cash flow comes to $3,811/yr on $41,438 deployed, and return on cash invested reaches 29.11% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 10.94%. Five-year ROI measures 152.71% and total cumulative return in cash totals $63,281.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,140/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44851, New London, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,526 (70.0%) |
| Renter Occupied HU | 492 (22.6%) |
| Vacant Housing Units | 162 ( 7.4%) |
| Median Home Value | $169,248 |
| Average Home Value | $218,262 |
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Listed for sale | $125,000 |
| 2022-07-13 | Sold | $35,000 |
| 2022-06-08 | Pending sale | $40,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | $534.32 | 196.88% | $13,890 | N/A |
| 2022-01-11 | $179.98 | -0.07% | $13,890 | N/A |
| 2021-01-11 | $180.10 | 26.56% | $13,890 | 10.77% |
Listed by: Frank Van Dresser • RE/MAX Quality Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5093210
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2024 - Multiple Listing Service, Inc. All Rights Reserved.
