4741 Spring Hill RdNewarkOH43056
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 4741 Spring Hill Rd, Newark, OH, 43056 generates $2,491/mo in rent, after a $2,080/mo payment. Total monthly income is $2,491/mo. Return on cash invested sits at 17.32% in year one, and rental yield is 7.03% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 89.44% and total cumulative return in cash sums $126,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,491/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
5.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43056, Heath, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 5,490 (72.3%) |
| Renter Occupied HU | 1,816 (23.9%) |
| Vacant Housing Units | 285 ( 3.8%) |
| Median Home Value | $283,417 |
| Average Home Value | $310,703 |
Housing Distribution
Address Breakdown
Residential
7,530
Single Family
7,278
Multi-Family
252
Businesses
601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Kreager • RE/MAX Premier Choice
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225036035
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.