1617 E McMillan St UNIT 502CincinnatiOH45206
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1617 E McMillan St UNIT 502, Cincinnati, OH, 45206 in Cincinnati carries a 3.35 coverage ratio, rent of $2,112/mo is 3.35 times the $630/mo payment. Rental yield 18.1%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $140,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $38,679; total projected cumulative return: $28,524.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.1% | 6.8% |
| Monthly Cash Flow | $(499) | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,112 |
| Total Monthly Debt Service | $2,556 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1962
2.57 Acres lot
$N/A/sqft
$1,459 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45206, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 1,854 (25.4%) |
| Renter Occupied HU | 4,367 (59.7%) |
| Vacant Housing Units | 1,092 (14.9%) |
| Median Home Value | $341,509 |
| Average Home Value | $445,109 |
Housing Distribution
Address Breakdown
Residential
7,002
Single Family
3,267
Multi-Family
3,735
Businesses
580
Nearby investment properties with comparable rents
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
Condo
Built in 1962
2.57 Acres lot
$N/A/sqft
$1,459 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45206, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 1,854 (25.4%) |
| Renter Occupied HU | 4,367 (59.7%) |
| Vacant Housing Units | 1,092 (14.9%) |
| Median Home Value | $341,509 |
| Average Home Value | $445,109 |
Housing Distribution
Address Breakdown
Residential
7,002
Single Family
3,267
Multi-Family
3,735
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheila Siermann • Comey & Shepherd
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1848579
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