2629 Sunrise AvePortsmouthOH45662
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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 Portsmouth at 2629 Sunrise Ave, Portsmouth, OH, 45662 generates $1,254/mo in rent and, after a $695/mo payment, leaves $320/mo in cash flow. Total monthly income is $1,254/mo, and annual cash flow is $3,840/yr on $47,073 invested. Return on cash invested sits at 28.07% in year one, and rental yield is 10.6% on a $142,000 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 147.07% and total cumulative return in cash sums $69,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,254/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
4,730 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: Desiree Hunter • CENTURY 21 Empire Realty SE
Mls Name: GPABR
Mls ID: #152567
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.