503 W Forrer StCincinnatiOH45215
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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 503 W Forrer St, Cincinnati, OH, 45215 priced at $234,900 pairs $1,638/mo rent with $93/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,638/mo, and annual cash flow comes to $1,111/yr on $77,869 invested. Return on cash invested is 21.34% in year one, and rental yield stands at 8.37% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 111.03% and total cumulative return in cash reaches $86,457. For financing, Ziffy Mortgage’s DSCR program evaluates $1,638/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45215, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,655 (100%) |
| Owner Occupied HU | 6,600 (48.3%) |
| Renter Occupied HU | 5,860 (42.9%) |
| Vacant Housing Units | 1,195 ( 8.8%) |
| Median Home Value | $259,212 |
| Average Home Value | $330,147 |
Housing Distribution
Address Breakdown
Residential
13,367
Single Family
10,522
Multi-Family
2,845
Businesses
1,130
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Listed by: Angela Gray • Hand In Hand Realty, LLC
Mls Name: Cincy MLS
Mls ID: #1846122