99 S Main St, New London, OH, 44851 | 4.97% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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99 S Main St, New London, OH, 44851 | 4.97% Rental Yield | Ziffy

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

Rental property for sale in New London at 99 S Main St, New London, OH, 44851 offers $1,140/mo rent that, after a $1,346/mo payment. Total monthly income is $1,140/mo. Return on cash invested measures 11.1% in year one, and rental yield stands at 4.97% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 56.18% and total cumulative return in cash reaches $51,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1896

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Must see property! Don't miss this supersized unique farmhouse showcasing both modern and classic features in the heart of New London. This beautifully preserved and lovingly updated home offers nearly 2,500 sq ft of elegant living space on a rare 1/2+ acre lot. With 3-bedrooms and 2-bathrooms the residence seamlessly blends timeless craftsmanship with everyday comfort. Step into the grand foyer featuring a striking copper ceiling, setting the tone for the rich character found throughout. Gleaming hardwood floors and ornate red oak trim flow through the spacious layout. The newer addition of the home features a stunning vaulted great room with soaring ceilings, LVL flooring (2020) and an abundance of natural light, creating an open-concept floor plan ideal for both everyday living and entertaining. The large study is adorned in ornate custom trim and accessed through beautiful French doors. Moving upstairs a sizeable primary bedroom with his and her closets, 2 additional bedrooms and an updated full bath (2025). Outside the expansive lot offers room to garden, play, or simply relax under the shade of covered front porch. Additional features include a detached garage, parking area and dog run. All just steps from downtown shops, and community events. A rare find with historic elegance, modern livability, and prime location, this home is a must-see. Additional Updates include Roof (approx. 2017), Newer Windows, Full home interior paint (2020), Basement stairwell (2024)

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