2324 Madison Rd UNIT 902CincinnatiOH45208
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 2324 Madison Rd UNIT 902, Cincinnati, OH, 45208 in Cincinnati, $158,000, 18.32% gross yield, $62/mo net income. Consider it a market-entry position, the $2,412/mo rent covers the $710/mo payment with a margin, and 5%/yr appreciation is projected to add $43,652 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 3.40) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $69,931.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.3% | 6.8% |
| Monthly Cash Flow | $62 | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,412 |
| Total Monthly Debt Service | $2,287 |
| DSCR Ratio | 1.05x |
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
N/A lot
$N/A/sqft
$1,193 monthly 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
N/A lot
$N/A/sqft
$1,193 monthly 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: Molly Eynon • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1847843
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