163 Washington AveCincinnatiOH45246
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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
Rental property for sale in Cincinnati at 163 Washington Ave, Cincinnati, OH, 45246 priced at $267,777 converts $1,860/mo rent into $98/mo cash flow after a $1,311/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $1,179/yr on $88,768 invested. Return on cash invested prints 21.24% in year one, and rental yield reads 8.34% against a $267,777 entry. Equity gained on principal adds $1,728/yr, while 5% annual appreciation compiles into $73,982 by year five. Five-year ROI reaches 110.5% and total cumulative return in cash sums $98,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,311/mo payment, not borrower’s personal income.
Single Family
Built in 1915
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45246, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 3,498 (48.5%) |
| Renter Occupied HU | 3,202 (44.4%) |
| Vacant Housing Units | 507 ( 7.0%) |
| Median Home Value | $227,379 |
| Average Home Value | $280,407 |
Housing Distribution
Address Breakdown
Residential
7,076
Single Family
5,502
Multi-Family
1,574
Businesses
1,536
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Listed by: Michael Glynn Jr • Huff Realty
Mls Name: Cincy MLS
Mls ID: #1862956