851 Corvette AveNew CarlisleOH45344
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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 Carlisle at 851 Corvette Ave, New Carlisle, OH, 45344 with 5% annual appreciation on a $224,900 basis while $1,792/mo rent supports operations. Total monthly income totals $1,792/mo and a $1,101/mo payment preserves $312/mo for cash returns. Annual cash flow comes to $3,749/yr on $74,554 deployed, and return on cash invested reaches 24.94% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 9.56%. Five-year ROI measures 130.36% and total cumulative return in cash totals $97,189.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,792/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45344, New Carlisle, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,988 (100%) |
| Owner Occupied HU | 5,167 (73.9%) |
| Renter Occupied HU | 1,426 (20.4%) |
| Vacant Housing Units | 395 ( 5.7%) |
| Median Home Value | $176,764 |
| Average Home Value | $234,341 |
Housing Distribution
Address Breakdown
Residential
6,926
Single Family
6,651
Multi-Family
275
Businesses
319
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Listed by: M. Nicole Peacock • Glasshouse Realty Group
Mls Name: DABR MLS
Mls ID: #940501