2324 Madison Rd UNIT 1905CincinnatiOH45208
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2324 Madison Rd UNIT 1905, Cincinnati, OH, 45208 in Cincinnati at $189,500 earns $1,318/mo in rent and nets $71/mo after the $852/mo payment, a 8.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $52,355 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $1,745/yr in principal paydown, total projected return reaches $76,831.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.8% |
| Monthly Cash Flow | $71 | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,318 |
| Total Monthly Debt Service | $1,171 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
7.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45208, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,938 (100%) |
| Owner Occupied HU | 5,657 (56.9%) |
| Renter Occupied HU | 3,566 (35.9%) |
| Vacant Housing Units | 715 ( 7.2%) |
| Median Home Value | $507,309 |
| Average Home Value | $616,828 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
6,250
Multi-Family
3,071
Businesses
642
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
Condo
Built in 1963
7.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45208, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,938 (100%) |
| Owner Occupied HU | 5,657 (56.9%) |
| Renter Occupied HU | 3,566 (35.9%) |
| Vacant Housing Units | 715 ( 7.2%) |
| Median Home Value | $507,309 |
| Average Home Value | $616,828 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
6,250
Multi-Family
3,071
Businesses
642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lee G. Robinson • Robinson Sotheby's Internat'l
Mls Name: Cincy MLS
Mls ID: #1849038