6251 Gratiot Rd SE, Newark, OH, 43056 | 4.4% Rental Yield

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

Investment property for sale in Newark at 6251 Gratiot Rd SE, Newark, OH, 43056 offers a 4.4% rental yield on a $499,000 purchase with $1,830/mo rent. 38% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 46.89% and total cumulative return in cash at $77,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

9.64 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 43056, Heath, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,591 (100%)
Owner Occupied HU	5,490 (72.3%)
Renter Occupied HU	1,816 (23.9%)
Vacant Housing Units	285 ( 3.8%)
Median Home Value	$283,417
Average Home Value	$310,703