2930 Mignon AveCincinnatiOH45211
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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
Rental property for sale in Cincinnati at 2930 Mignon Ave, Cincinnati, OH, 45211 generates $1,286/mo in rent and, after a $914/mo payment, leaves $58/mo in cash flow. Total monthly income is $1,286/mo, and annual cash flow is $693/yr on $61,891 invested. Return on cash invested sits at 21.03% in year one, and rental yield is 8.27% on a $186,700 entry. Equity gained on principal adds $1,205/yr, while 5% annual appreciation builds toward $51,582 over five years. Five-year ROI reaches 109.39% and total cumulative return in cash sums $67,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,286/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
4,007 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45211, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,028 (100%) |
| Owner Occupied HU | 8,190 (45.4%) |
| Renter Occupied HU | 8,262 (45.8%) |
| Vacant Housing Units | 1,576 ( 8.7%) |
| Median Home Value | $182,887 |
| Average Home Value | $234,878 |
Housing Distribution
Address Breakdown
Residential
16,769
Single Family
11,096
Multi-Family
5,673
Businesses
910
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Listed by: Joan Elflein • Ohio Broker Direct
Mls Name: Cincy MLS
Mls ID: #1850069