1847 Eight Mile RdCincinnatiOH45255
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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 1847 Eight Mile Rd, Cincinnati, OH, 45255 uses $104,423 cash to close to unlock $9,621/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $2,874/mo, and a $1,542/mo payment keeps the spread at $802/mo. Purchase price stands at $315,000, and rental yield measures 10.95% with $2,874/mo rent. Return on cash invested shows 29.12% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 152.77% and total cumulative return in cash records $159,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,874/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45255, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,946 (100%) |
| Owner Occupied HU | 6,636 (66.7%) |
| Renter Occupied HU | 2,660 (26.7%) |
| Vacant Housing Units | 650 ( 6.5%) |
| Median Home Value | $306,706 |
| Average Home Value | $356,974 |
Housing Distribution
Address Breakdown
Residential
9,785
Single Family
8,154
Multi-Family
1,631
Businesses
680
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Listed by: Christopher M Dunne • Comey & Shepherd
Mls Name: Cincy MLS
Mls ID: #1864331