404 Reading Rd APT 302CincinnatiOH45202
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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 404 Reading Rd APT 302, Cincinnati, OH, 45202 generates $2,284/mo in rent, after a $1,904/mo payment. Total monthly income is $2,284/mo. Return on cash invested sits at 17.35% in year one, and rental yield is 7.05% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 89.67% and total cumulative return in cash sums $115,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,284/mo property income rather than buyer’s personal income.
Condo
Built in 1877
9,387 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45202, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,395 (100%) |
| Owner Occupied HU | 2,260 (16.9%) |
| Renter Occupied HU | 8,730 (65.2%) |
| Vacant Housing Units | 2,405 (18.0%) |
| Median Home Value | $474,559 |
| Average Home Value | $553,239 |
Housing Distribution
Address Breakdown
Residential
11,809
Single Family
3,714
Multi-Family
8,095
Businesses
2,419
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Listed by: M. Doug Spitz • Coldwell Banker Realty
Mls Name: Cincy MLS
Mls ID: #1867476