2770 Observatory Ave APT 204CincinnatiOH45208
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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
Total monthly income runs $2,196/mo, and a $8,296/mo payment. Purchase price stands at $1,695,000, and rental yield measures 1.55% with $2,196/mo rent. Return on cash invested shows 0.81% in year one, and 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 0.83% and total cumulative return in cash records $4,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $8,296/mo payment rather than investor’s personal income.
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
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Listed by: Michael C Hinckley • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls ID: #1859359