1161 E Riddlebarger RdPortsmouthOH45662
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
Investment Highlights
Investment property for sale in Portsmouth at 1161 E Riddlebarger Rd, Portsmouth, OH, 45662 offers a 8.63% rental yield on a $375,000 purchase with $2,698/mo rent. Total monthly income registers $2,698/mo, and a $1,835/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,781/yr on $124,313 to close, and return on cash invested stands at 22.15% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 115.34% and total cumulative return in cash at $143,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,698/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45662, Portsmouth, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,081 (100%) |
| Owner Occupied HU | 6,010 (45.9%) |
| Renter Occupied HU | 5,273 (40.3%) |
| Vacant Housing Units | 1,798 (13.7%) |
| Median Home Value | $119,073 |
| Average Home Value | $158,551 |
Housing Distribution
Address Breakdown
Residential
12,139
Single Family
11,240
Multi-Family
899
Businesses
1,454
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Nearby investment properties with comparable prices
Listed by: Molly Burnside • REAL ESTATE GALLERY, INC.
Mls Name: GPABR
Mls ID: #152854
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.