1615 Chase Ave UNIT 2FCincinnatiOH45223
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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 1615 Chase Ave UNIT 2F, Cincinnati, OH, 45223 uses $66,214 cash to close to unlock $6,789/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,880/mo, and a $978/mo payment keeps the spread at $566/mo. Purchase price stands at $199,740, and rental yield measures 11.29% with $1,880/mo rent. Return on cash invested shows 30.16% in year one, and 5% annual appreciation builds toward $55,184 over five years. Five-year ROI reaches 158.34% and total cumulative return in cash records $104,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,880/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1880
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45223, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,849 (100%) |
| Owner Occupied HU | 2,598 (37.9%) |
| Renter Occupied HU | 3,483 (50.9%) |
| Vacant Housing Units | 768 (11.2%) |
| Median Home Value | $271,964 |
| Average Home Value | $278,320 |
Housing Distribution
Address Breakdown
Residential
6,547
Single Family
4,448
Multi-Family
2,099
Businesses
372
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Listed by: Mare Warner Colina • Comey & Shepherd
Mls Name: Cincy MLS
Mls ID: #1866751