2324 Madison Rd UNIT 404CincinnatiOH45208
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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 2324 Madison Rd UNIT 404, Cincinnati, OH, 45208 listed at $175,000 pairs $1,375/mo rent with a $857/mo payment to leave $223/mo cash flow. Total monthly income runs $1,375/mo, and annual cash flow reaches $2,681/yr on $58,013 cash to close. Return on cash invested measures 24.53% in year one, and rental yield registers 9.43% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 128.18% and total cumulative return in cash totals $74,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,375/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
N/A 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
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Listed by: Nicholas Rabin • Homeshake.com
Mls Name: My State MLS
Mls ID: #11629187