2509 Elmo PlMiddletownOH45042
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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
Rental property for sale in Middletown at 2509 Elmo Pl, Middletown, OH, 45042 generates $1,830/mo in rent and, after a $1,099/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,830/mo, and annual cash flow is $4,237/yr on $74,422 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 9.78% on a $224,500 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 133.94% and total cumulative return in cash sums $99,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,830/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45042, Middletown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,368 (100%) |
| Owner Occupied HU | 7,981 (64.5%) |
| Renter Occupied HU | 3,489 (28.2%) |
| Vacant Housing Units | 898 ( 7.3%) |
| Median Home Value | $267,557 |
| Average Home Value | $303,928 |
Housing Distribution
Address Breakdown
Residential
11,724
Single Family
10,548
Multi-Family
1,176
Businesses
665
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Listed by: Bobby Agee • Ashwood Realty
Mls Name: Cincy MLS
Mls ID: #1850645