615 Highland StMiddletownOH45044
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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 615 Highland St, Middletown, OH, 45044 with 5% annual appreciation on a $224,900 basis while $2,614/mo rent supports operations. Total monthly income totals $2,614/mo and a $1,101/mo payment preserves $1,134/mo for cash returns. Annual cash flow comes to $13,613/yr on $74,554 deployed, and return on cash invested reaches 38.17% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 13.95%. Five-year ROI measures 201.29% and total cumulative return in cash totals $150,073.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,614/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
9,805 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45044, Middletown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,189 (100%) |
| Owner Occupied HU | 13,029 (56.2%) |
| Renter Occupied HU | 8,856 (38.2%) |
| Vacant Housing Units | 1,304 ( 5.6%) |
| Median Home Value | $278,217 |
| Average Home Value | $313,920 |
Housing Distribution
Address Breakdown
Residential
22,115
Single Family
20,523
Multi-Family
1,592
Businesses
1,109
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Listed by: Christopher S Parker • RE/MAX Preferred Group
Mls Name: DABR MLS
Mls ID: #945782