51 S 33rd StNewarkOH43055
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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 51 S 33rd St, Newark, OH, 43055 uses $74,588 cash to close to unlock $4,887/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $1,887/mo, and a $1,101/mo payment keeps the spread at $407/mo. Purchase price stands at $225,000, and rental yield measures 10.06% with $1,887/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash records $103,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,887/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.46 Acres 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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Listed by: Patty J Good • Signature Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225024830
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.