935 3rd St #2PortsmouthOH45662
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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 Portsmouth at 935 3rd St #2, Portsmouth, OH, 45662 uses $82,875 cash to close to unlock $4,442/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,224/mo payment keeps the spread at $370/mo. Purchase price stands at $250,000, and rental yield measures 9.67% with $2,015/mo rent. Return on cash invested shows 25.27% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 132.15% and total cumulative return in cash records $109,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45662, Portsmouth, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,081 (100%) |
| Owner Occupied HU | 6,010 (45.9%) |
| Renter Occupied HU | 5,273 (40.3%) |
| Vacant Housing Units | 1,798 (13.7%) |
| Median Home Value | $119,073 |
| Average Home Value | $158,551 |
Housing Distribution
Address Breakdown
Residential
12,139
Single Family
11,240
Multi-Family
899
Businesses
1,454
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Listed by: Nick Rutman • Rutman Burnside Realty Group LLC
Mls Name: GPABR
Mls ID: #150558
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.