579 Chestnut StNewcomerstownOH43832
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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 Newcomerstown at 579 Chestnut St, Newcomerstown, OH, 43832 offers $720/mo rent that, after a $685/mo payment. Total monthly income is $720/mo. Return on cash invested measures 14.72% in year one, and rental yield stands at 6.18% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 75.56% and total cumulative return in cash reaches $35,043. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $720/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43832, Newcomerstown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,324 (100%) |
| Owner Occupied HU | 2,098 (63.1%) |
| Renter Occupied HU | 830 (25.0%) |
| Vacant Housing Units | 396 (11.9%) |
| Median Home Value | $165,302 |
| Average Home Value | $237,464 |
Housing Distribution
Address Breakdown
Residential
3,151
Single Family
3,078
Multi-Family
73
Businesses
199
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Listed by: Virginia Troyer • Pathway Real Estate
Mls Name: MLS Now
Mls ID: #5136505