3232 Lapland DrCincinnatiOH45239
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
Investment Highlights
Rental property for sale in Cincinnati at 3232 Lapland Dr, Cincinnati, OH, 45239 generates $1,266/mo in rent and, after a $783/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,266/mo, and annual cash flow is $2,566/yr on $53,007 invested. Return on cash invested sits at 24.75% in year one, and rental yield is 9.5% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 129.32% and total cumulative return in cash sums $68,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,266/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45239, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,675 (100%) |
| Owner Occupied HU | 7,517 (59.3%) |
| Renter Occupied HU | 4,413 (34.8%) |
| Vacant Housing Units | 745 ( 5.9%) |
| Median Home Value | $178,573 |
| Average Home Value | $203,390 |
Housing Distribution
Address Breakdown
Residential
12,420
Single Family
9,974
Multi-Family
2,446
Businesses
486
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adrienne N Shipman • Keller Williams Seven Hills Re
Mls Name: Cincy MLS
Mls ID: #1851306