453 Seroco AveNewarkOH43055
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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 Newark at 453 Seroco Ave, Newark, OH, 43055 listed at $199,444 pairs $1,379/mo rent with a $976/mo payment to leave $67/mo cash flow. Total monthly income runs $1,379/mo, and annual cash flow reaches $807/yr on $66,116 cash to close. Return on cash invested measures 21.13% in year one, and rental yield registers 8.3% at a $199,444 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,103 by year five. Five-year ROI tracks 109.94% and total cumulative return in cash totals $72,685. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,379/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
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
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