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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cincinnati at 1540 Devils Backbone Rd, Cincinnati, OH, 45233 offers a 8.41% rental yield on a $260,000 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $1,273/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,336/yr on $86,190 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 111.71% and total cumulative return in cash at $96,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45233, Cincinnati, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,860 (100%) |
| Owner Occupied HU | 4,754 (81.1%) |
| Renter Occupied HU | 885 (15.1%) |
| Vacant Housing Units | 221 ( 3.8%) |
| Median Home Value | $294,774 |
| Average Home Value | $328,971 |
Residential
6,061
Single Family
5,499
Multi-Family
562
Businesses
183
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ronald A Bisher • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls ID: #1847897
