37422 State Route 124MiddleportOH45760
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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 Middleport at 37422 State Route 124, Middleport, OH, 45760 generates $1,330/mo in rent, after a $1,125/mo payment. Total monthly income is $1,330/mo. Return on cash invested sits at 17.04% in year one, and rental yield is 6.94% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 87.99% and total cumulative return in cash sums $67,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,330/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45760, Middleport, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 932 (54.8%) |
| Renter Occupied HU | 486 (28.6%) |
| Vacant Housing Units | 282 (16.6%) |
| Median Home Value | $85,208 |
| Average Home Value | $99,378 |
Housing Distribution
Address Breakdown
Residential
1,372
Single Family
1,337
Multi-Family
35
Businesses
94
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Listed by: Sandi Radcliff • e-Merge Real Estate
Mls Name: Athens County BOR
Mls ID: #2434418