2390 Edgewood DrPortsmouthOH45662
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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
Rental property for sale in Portsmouth at 2390 Edgewood Dr, Portsmouth, OH, 45662 priced at $279,000 converts $2,194/mo rent into $358/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,194/mo, and annual cash flow totals $4,300/yr on $92,489 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 9.44% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 128.33% and total cumulative return in cash sums $118,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,194/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1963
3,925 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: Bob Marsh • Euton Realty - W
Mls Name: GPABR
Mls ID: #152534
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.