1632 Forester DrCincinnatiOH45240
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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 1632 Forester Dr, Cincinnati, OH, 45240 uses $88,511 cash to close to unlock $1,963/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,307/mo payment keeps the spread at $164/mo. Purchase price stands at $267,000, and rental yield measures 8.63% with $1,920/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 115.26% and total cumulative return in cash records $102,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,307/mo payment rather than investor’s personal income.
Single Family
Built in 1971
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45240, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,031 (100%) |
| Owner Occupied HU | 6,627 (60.1%) |
| Renter Occupied HU | 3,927 (35.6%) |
| Vacant Housing Units | 477 ( 4.3%) |
| Median Home Value | $210,500 |
| Average Home Value | $243,111 |
Housing Distribution
Address Breakdown
Residential
10,965
Single Family
8,801
Multi-Family
2,164
Businesses
593
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Listed by: Daniel J. Beirne • Opendoor Brokerage LLC
Mls Name: Cincy MLS
Mls ID: #1868001