1680 Devils Backbone RdCincinnatiOH45233
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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 1680 Devils Backbone Rd, Cincinnati, OH, 45233 uses $55,526 cash to close to unlock $5,160/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $820/mo payment keeps the spread at $430/mo. Purchase price stands at $167,500, and rental yield measures 10.98% with $1,532/mo rent. Return on cash invested shows 29.2% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 153.3% and total cumulative return in cash records $85,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $820/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45233, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,860 (100%) |
| Owner Occupied HU | 4,754 (81.1%) |
| Renter Occupied HU | 885 (15.1%) |
| Vacant Housing Units | 221 ( 3.8%) |
| Median Home Value | $294,774 |
| Average Home Value | $328,971 |
Housing Distribution
Address Breakdown
Residential
6,061
Single Family
5,499
Multi-Family
562
Businesses
183
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Listed by: Rakesh Ram • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls ID: #1861086