5854 State Route 162 E, New London, OH, 44851 | 7.02% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5854 State Route 162 E, New London, OH, 44851 | 7.02% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New London at 5854 State Route 162 E, New London, OH, 44851 generates $1,140/mo in rent, after a $954/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 17.27% in year one, and rental yield is 7.02% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 89.2% and total cumulative return in cash sums $57,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

2.50 Acres lot

$N/A/sqft

No HOA

More details about the property

This 5 bedroom, 1 bath home has been around since 1900. Plenty of room for everyone & it's move in ready (including appliances). Main floor bedroom & laundry, built in cupboards, pantry located off kitchen, formal dining, living room and sitting or family room. 4 bedrooms up with access to the walk up attic. Nice natural woodwork. Some rooms are carpeted others have exposed hardwood. There is a usable barn/garage and a number of older outbuildings. 2 zone Weil-McLane hot water boiler in basement and there is also an outside wood burner if your choose to use that instead. Located on a 2.5 acre parcel just east of New London. Septic system replaced 2 years ago. Updated windows, plumbing & electric.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44851, New London, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,180 (100%)
Owner Occupied HU	1,526 (70.0%)
Renter Occupied HU	492 (22.6%)
Vacant Housing Units	162 ( 7.4%)
Median Home Value	$169,248
Average Home Value	$218,262