512 Reading RdCincinnatiOH45202
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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 512 Reading Rd, Cincinnati, OH, 45202 priced at $350,000 converts $2,494/mo rent into $192/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,494/mo, and annual cash flow totals $2,302/yr on $116,025 invested. Return on cash invested prints 21.89% in year one, and rental yield reads 8.55% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 113.99% and total cumulative return in cash sums $132,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2015
10,105 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: Haydee Wright • Howard Hanna Real Estate Serv
Mls Name: DABR MLS
Mls ID: #944404