702 Washington StMiddletownOH45042
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
Rental property for sale in Middletown at 702 Washington St, Middletown, OH, 45042 offers $1,872/mo rent that, after a $1,017/mo payment, leaves $222/mo cash flow. Total monthly income is $1,872/mo, and annual cash flow is $2,663/yr on $68,886 cash. Return on cash invested measures 23.77% in year one, and rental yield stands at 10.81% at a $207,800 entry. Equity gained on principal adds $1,341/yr while 5% annual appreciation compounds into $57,411 by year five. Five-year ROI records 125.87% and total cumulative return in cash reaches $86,709. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,872/mo property income versus a $1,017/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
5,662 sqft 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A