1696 Devils Backbone RdCincinnatiOH45233
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
Investment Highlights
Investment property for sale in Cincinnati at 1696 Devils Backbone Rd, Cincinnati, OH, 45233 offers a 10.78% rental yield on a $154,900 purchase with $1,392/mo rent. Total monthly income registers $1,392/mo, and a $758/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,479/yr on $51,349 to close, and return on cash invested stands at 28.63% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 150.19% and total cumulative return in cash at $77,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin P Kelly • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls ID: #1858329