531 W Brown StNew LexingtonOH43764
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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 Lexington at 531 W Brown St, New Lexington, OH, 43764 offers a 8.43% rental yield on a $145,000 purchase with $1,019/mo rent. Total monthly income registers $1,019/mo, and a $710/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $582/yr on $48,068 to close, and return on cash invested stands at 21.12% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 110.06% and total cumulative return in cash at $52,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,019/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43764, New Lexington, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,614 (100%) |
| Owner Occupied HU | 2,303 (63.7%) |
| Renter Occupied HU | 1,023 (28.3%) |
| Vacant Housing Units | 288 ( 8.0%) |
| Median Home Value | $162,197 |
| Average Home Value | $199,648 |
Housing Distribution
Address Breakdown
Residential
3,169
Single Family
3,070
Multi-Family
99
Businesses
292
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Listed by: Jeni L Agriesti • RE/MAX Revealty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225008831
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.