60 Neal AveNewarkOH43055
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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 60 Neal Ave, Newark, OH, 43055 with 5% annual appreciation on a $116,667 basis while $892/mo rent supports operations. Total monthly income totals $892/mo and a $571/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,482/yr on $38,675 deployed, and return on cash invested reaches 23.74% in year one. Equity gained on principal adds $753/yr, and five-year appreciation sums $32,233 alongside rental yield of 9.17%. Five-year ROI measures 124% and total cumulative return in cash totals $47,957.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $892/mo property income versus a $571/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
4,791 sqft 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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