60875 Morgan Rd TRACT 3New ConcordOH43762
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play60875 Morgan Rd TRACT 3, New Concord, OH, 43762 in New Concord is priced for appreciation, not yield. Rental yield 4.8%. At $450,000 with a 4.8% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $124,327 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.89) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $96,804.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.2% |
| Monthly Cash Flow | $(1,160) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $2,781 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
39 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
39 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Whitt • Arrowhead Land Company
Mls Name: My State MLS
Mls ID: #11487808