5323 Elk Creek RdMiddletownOH45042
Nearby investment properties with comparable rents
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
Investment property for sale in Middletown at 5323 Elk Creek Rd, Middletown, OH, 45042 uses $89,472 cash to close to unlock $9,212/yr annual cash flow and $768/mo monthly cash flow. Total monthly income runs $2,543/mo, and a $1,321/mo payment keeps the spread at $768/mo. Purchase price stands at $269,900, and rental yield measures 11.31% with $2,543/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 158.56% and total cumulative return in cash records $141,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,543/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1936
10 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Price change | $269,900 |
| 2024-08-23 | Pending sale | $315,000 |
| 2024-07-31 | Price change | $315,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $2300.88 | 29.53% | $54,970 | 19.37% |
| 2022-09-14 | $1776.30 | 11.46% | $46,050 | N/A |
| 2021-09-14 | $1593.70 | -3.83% | $46,050 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1936
- Architectural Style: Ranch
- Building Area: 1,288
- Living Area: 1,288 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard
- Cooling: Window Unit(s)
- Flooring: N/A
- Interior Features: Ceiling Fan(s), Galley Kitchen, Kitchen/Family Room Combo
- Exterior Features: Patio, Storage
- Parking Features: Attached, Garage, Two Car Garage, Garage Door Opener
Location
- City: Middletown
- State: OH
- Subdivision: Goebel Farms
- Lot Size: 10 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Septic Available, Water Available
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Teresa L Hall • Keller Williams Community Part
Mls Name: DABR MLS
Mls Provider:
Mls ID: #913827
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.