2770 Observatory Ave #102CincinnatiOH45208
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Cincinnati at 2770 Observatory Ave #102, Cincinnati, OH, 45208 projects strong ROI of -1.15%. Rental yield 1.17%. With 5% annual appreciation, the property builds $621,634 in value over five years. Equity growth combined delivers a projected five-year ROI of 7.22%, translating into $45,913 in total cumulative return on $635,625 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.2% | 6.8% |
| Monthly Cash Flow | $(12,604) | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,196 |
| Total Monthly Debt Service | $13,905 |
| DSCR Ratio | 0.16x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2016
1.38 Acres 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
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 2016
1.38 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maureen D Pippin • Sibcy Cline, Inc.
Mls Name: Cincy MLS
Mls ID: #1840388