4070 Independence Dr APT 3DCincinnatiOH45255
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
Investment property for sale in Cincinnati at 4070 Independence Dr APT 3D, Cincinnati, OH, 45255 uses $42,598 cash to close to unlock $5,096/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,495/mo, and a $629/mo payment keeps the spread at $425/mo. Purchase price stands at $128,500, and rental yield measures 13.96% with $1,495/mo rent. Return on cash invested shows 31.87% in year one, and 5% annual appreciation builds toward $35,502 over five years. Five-year ROI reaches 169.84% and total cumulative return in cash records $72,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,495/mo property income covering a $629/mo payment rather than investor’s personal income.
Condo
Built in 1980
740.52 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45255, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,946 (100%) |
| Owner Occupied HU | 6,636 (66.7%) |
| Renter Occupied HU | 2,660 (26.7%) |
| Vacant Housing Units | 650 ( 6.5%) |
| Median Home Value | $306,706 |
| Average Home Value | $356,974 |
Housing Distribution
Address Breakdown
Residential
9,785
Single Family
8,154
Multi-Family
1,631
Businesses
680
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Listed by: Matt Motz Jr • eXp Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1851644
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