1240 Elsinore AveCincinnatiOH45202
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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 Cincinnati at 1240 Elsinore Ave, Cincinnati, OH, 45202 listed at $350,000 pairs $3,048/mo rent with a $1,713/mo payment to leave $746/mo cash flow. Total monthly income runs $3,048/mo, and annual cash flow reaches $8,950/yr on $116,025 cash to close. Return on cash invested measures 27.62% in year one, and rental yield registers 10.45% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 144.72% and total cumulative return in cash totals $167,906. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,048/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1884
2,439 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45202, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,395 (100%) |
| Owner Occupied HU | 2,260 (16.9%) |
| Renter Occupied HU | 8,730 (65.2%) |
| Vacant Housing Units | 2,405 (18.0%) |
| Median Home Value | $474,559 |
| Average Home Value | $553,239 |
Housing Distribution
Address Breakdown
Residential
11,809
Single Family
3,714
Multi-Family
8,095
Businesses
2,419
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Listed by: Ron Adams Jr. • Bastion Realty
Mls Name: Cincy MLS
Mls ID: #1858836