2324 Park Ave Unit 11CincinnatiOH45206
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2324 Park Ave Unit 11, Cincinnati, OH, 45206 in Cincinnati carries a 1.75 coverage ratio, rent of $1,927/mo is 1.75 times the $1,101/mo payment. Rental yield 9.44%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $244,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $67,661; total projected cumulative return: $113,623.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $(159) | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,927 |
| Total Monthly Debt Service | $1,513 |
| DSCR Ratio | 1.27x |
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 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45206, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 1,854 (25.4%) |
| Renter Occupied HU | 4,367 (59.7%) |
| Vacant Housing Units | 1,092 (14.9%) |
| Median Home Value | $341,509 |
| Average Home Value | $445,109 |
Housing Distribution
Address Breakdown
Residential
7,002
Single Family
3,267
Multi-Family
3,735
Businesses
580
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 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45206, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 1,854 (25.4%) |
| Renter Occupied HU | 4,367 (59.7%) |
| Vacant Housing Units | 1,092 (14.9%) |
| Median Home Value | $341,509 |
| Average Home Value | $445,109 |
Housing Distribution
Address Breakdown
Residential
7,002
Single Family
3,267
Multi-Family
3,735
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy P Muchmore • RE/MAX Preferred Group
Mls Name: Cincy MLS
Mls ID: #1869518