74 S Main StNew LondonOH44851
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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 New London at 74 S Main St, New London, OH, 44851 listed at $224,900 pairs $2,477/mo rent with a $1,101/mo payment to leave $997/mo cash flow. Total monthly income runs $2,477/mo, and annual cash flow reaches $11,969/yr on $74,554 cash to close. Return on cash invested measures 35.96% in year one, and rental yield registers 13.22% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 189.46% and total cumulative return in cash totals $141,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,477/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1835
0.41 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
2,083
Multi-Family
36
Businesses
115
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Listed by: Kim More • Ewell & Associates
Mls Name: Firelands MLS
Mls ID: #20243195
Disclaimer: Listing information is deemed reliable, but not guaranteed.