1629 Miles RdCincinnatiOH45231
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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 1629 Miles Rd, Cincinnati, OH, 45231 offers a 11.55% rental yield on a $265,000 purchase with $2,550/mo rent. Total monthly income registers $2,550/mo, and a $1,297/mo payment leaves $807/mo available for distribution. Annual cash flow reaches $9,683/yr on $87,848 to close, and return on cash invested stands at 30.93% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 162.45% and total cumulative return in cash at $142,707. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,550/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45231, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,464 (100%) |
| Owner Occupied HU | 11,231 (64.3%) |
| Renter Occupied HU | 5,000 (28.6%) |
| Vacant Housing Units | 1,233 ( 7.1%) |
| Median Home Value | $191,393 |
| Average Home Value | $237,750 |
Housing Distribution
Address Breakdown
Residential
17,605
Single Family
15,086
Multi-Family
2,519
Businesses
807
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Listed by: Teri L Herrmann • Keller Williams Seven Hills Re
Mls Name: Cincy MLS
Mls ID: #1859136