2356 Park Ave UNIT 61CincinnatiOH45206
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2356 Park Ave UNIT 61, Cincinnati, OH, 45206 in Cincinnati speaks for itself: 11.51% gross on a $239,900 price, generating $2,302/mo in rent and $724/mo in net income after the $1,079/mo debt service. DSCR 2.13, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,688 stacks alongside $66,280 in projected five-year appreciation and $2,210/yr in principal reduction. Projected total cumulative return: $137,997.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.8% |
| Monthly Cash Flow | $724 | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,302 |
| Total Monthly Debt Service | $1,483 |
| DSCR Ratio | 1.55x |
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 1906
1.43 Acres 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 1906
1.43 Acres 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: Peter Zimmer • Keller Williams Advisors
Mls Name: Cincy MLS
Mls ID: #1864193