6496 Lorraine DrMiddletownOH45042
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 6496 Lorraine Dr, Middletown, OH, 45042 earns $268/mo cash flow from $1,830/mo rent with a $1,162/mo payment. Total monthly income totals $1,830/mo, and annual cash flow totals $3,220/yr on $78,698 capital. ROI tracks 24% on current figures, and rental yield reads 9.25% at a $237,400 purchase. Equity gained on principal adds $1,532/yr, and 5% annual appreciation supports $65,589 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash sums $98,630. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,830/mo property income instead of your personal income.
Single Family
Built in 1958
0.46 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol S Dorsey • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #946279