59 Ferndale AveCincinnatiOH45216
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 59 Ferndale Ave, Cincinnati, OH, 45216 offers $2,147/mo rent that, after a $514/mo payment, leaves $1,341/mo cash flow. Total monthly income is $2,147/mo, and annual cash flow is $16,093/yr on $34,808 cash. Return on cash invested measures 66.14% in year one, and rental yield stands at 24.54% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 352.86% and total cumulative return in cash reaches $122,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,147/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1894
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45216, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 1,932 (43.2%) |
| Renter Occupied HU | 2,074 (46.4%) |
| Vacant Housing Units | 462 (10.3%) |
| Median Home Value | $168,689 |
| Average Home Value | $194,604 |
Housing Distribution
Address Breakdown
Residential
4,111
Single Family
3,445
Multi-Family
666
Businesses
356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Petra • eXp Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1856658
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