565 Granville 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
Rental property for sale in Newark at 565 Granville St, Newark, OH, 43055 priced at $390,000 pairs $2,833/mo rent with $268/mo cash flow after a $1,909/mo payment. Total monthly income equals $2,833/mo, and annual cash flow comes to $3,210/yr on $129,285 invested. Return on cash invested is 22.39% in year one, and rental yield stands at 8.72% on a $390,000 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 116.68% and total cumulative return in cash reaches $150,848. For financing, Ziffy Mortgage’s DSCR program evaluates $2,833/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1836
0.77 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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