718 Elwood StMiddletownOH45042
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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
Rental property for sale in Middletown at 718 Elwood St, Middletown, OH, 45042 offers $1,290/mo rent that, after a $807/mo payment, leaves $205/mo cash flow. Total monthly income is $1,290/mo, and annual cash flow is $2,465/yr on $54,664 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 9.39% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 127.57% and total cumulative return in cash reaches $69,736. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,290/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 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
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Listed by: Kristin Moore • Keller Williams Advisors Rlty
Mls Name: DABR MLS
Mls ID: #948184