2608 Ring PlCincinnatiOH45204
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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 2608 Ring Pl, Cincinnati, OH, 45204 uses $72,764 cash to close to unlock $78/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,450/mo, and a $1,074/mo payment keeps the spread at $7/mo. Purchase price stands at $219,500, and rental yield measures 7.93% with $1,450/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $60,644 over five years. Five-year ROI reaches 103.96% and total cumulative return in cash records $75,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,450/mo property income covering a $1,074/mo payment rather than investor’s personal income.
Single Family
Built in 1909
2,874 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45204, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 958 (31.5%) |
| Renter Occupied HU | 1,505 (49.5%) |
| Vacant Housing Units | 579 (19.0%) |
| Median Home Value | $164,783 |
| Average Home Value | $217,028 |
Housing Distribution
Address Breakdown
Residential
2,790
Single Family
1,686
Multi-Family
1,104
Businesses
136
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Listed by: Kristen J Heap • Plum Tree Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1832232
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