1609 1st AveMiddletownOH45044
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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 Middletown at 1609 1st Ave, Middletown, OH, 45044 listed at $242,950 pairs $2,120/mo rent with a $1,189/mo payment to leave $522/mo cash flow. Total monthly income runs $2,120/mo, and annual cash flow reaches $6,264/yr on $80,538 cash to close. Return on cash invested measures 27.69% in year one, and rental yield registers 10.47% at a $242,950 basis. Equity gained on principal adds $1,568/yr, and annual property appreciation at 5% supports $67,123 by year five. Five-year ROI tracks 145.11% and total cumulative return in cash totals $116,872. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,120/mo property income relative to a $1,189/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
3,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45044, Middletown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,189 (100%) |
| Owner Occupied HU | 13,029 (56.2%) |
| Renter Occupied HU | 8,856 (38.2%) |
| Vacant Housing Units | 1,304 ( 5.6%) |
| Median Home Value | $278,217 |
| Average Home Value | $313,920 |
Housing Distribution
Address Breakdown
Residential
22,115
Single Family
20,523
Multi-Family
1,592
Businesses
1,109
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Listed by: Christopher Sineno • Independence Realty Group LLC
Mls Name: DABR MLS
Mls ID: #941485