612 Kenridge DrMiddletownOH45042
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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
Investment property for sale in Middletown at 612 Kenridge Dr, Middletown, OH, 45042 offers a 11.36% rental yield on a $369,900 purchase with $3,502/mo rent. Total monthly income registers $3,502/mo, and a $1,810/mo payment leaves $1,069/mo available for distribution. Annual cash flow reaches $12,832/yr on $122,622 to close, and return on cash invested stands at 30.37% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 159.49% and total cumulative return in cash at $195,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,502/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.78 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: Amy King • Sibcy Cline Inc.
Mls Name: DABR MLS
Mls ID: #943290