61220 Kadon DrNew ConcordOH43762
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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 New Concord at 61220 Kadon Dr, New Concord, OH, 43762 generates $1,800/mo in rent and, after a $1,248/mo payment, leaves $123/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $1,475/yr on $84,499 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 8.47% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 112.72% and total cumulative return in cash sums $95,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43762, New Concord, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,994 (100%) |
| Owner Occupied HU | 1,353 (67.9%) |
| Renter Occupied HU | 452 (22.7%) |
| Vacant Housing Units | 189 ( 9.5%) |
| Median Home Value | $282,478 |
| Average Home Value | $310,222 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,885
Multi-Family
8
Businesses
138
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Listed by: Kenny Jones • J. Moore Realty Group, LLC.
Mls Name: MLS Now
Mls ID: #5156425