2204 Summit StPortsmouthOH45662
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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 Portsmouth at 2204 Summit St, Portsmouth, OH, 45662 with 5% annual appreciation on a $210,000 basis while $1,818/mo rent supports operations. Total monthly income totals $1,818/mo and a $1,028/mo payment preserves $437/mo for cash returns. Annual cash flow comes to $5,238/yr on $69,615 deployed, and return on cash invested reaches 27.43% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 10.39%. Five-year ROI measures 143.73% and total cumulative return in cash totals $100,060.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,818/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
4,320 sqft 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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Listed by: Paula Yeley • CENTURY 21 Empire Realty SE
Mls Name: GPABR
Mls ID: #152594
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.