3224 Grand Falls BlvdMainevilleOH45039
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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 Maineville at 3224 Grand Falls Blvd, Maineville, OH, 45039 priced at $229,000 converts $1,546/mo rent into $40/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,546/mo, and annual cash flow totals $474/yr on $75,914 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 8.1% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 106.72% and total cumulative return in cash sums $81,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,546/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Condo
Built in 2006
1,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45039, Maineville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,616 (100%) |
| Owner Occupied HU | 9,290 (80.0%) |
| Renter Occupied HU | 2,064 (17.8%) |
| Vacant Housing Units | 262 ( 2.3%) |
| Median Home Value | $365,440 |
| Average Home Value | $430,896 |
Housing Distribution
Address Breakdown
Residential
11,482
Single Family
10,080
Multi-Family
1,402
Businesses
389
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Listed by: Peter J Duffy • Comey & Shepherd REALTORS
Mls Name: DABR MLS
Mls ID: #936621