5944 Harrison Ave UNIT 51CincinnatiOH45248
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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
Investment property for sale in Cincinnati at 5944 Harrison Ave UNIT 51, Cincinnati, OH, 45248 uses $53,007 cash to close to unlock $1,906/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,211/mo, and a $783/mo payment keeps the spread at $159/mo. Purchase price stands at $159,900, and rental yield measures 9.09% with $1,211/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash records $65,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,211/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45248, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,234 (100%) |
| Owner Occupied HU | 8,400 (82.1%) |
| Renter Occupied HU | 1,516 (14.8%) |
| Vacant Housing Units | 318 ( 3.1%) |
| Median Home Value | $247,321 |
| Average Home Value | $286,588 |
Housing Distribution
Address Breakdown
Residential
10,254
Single Family
8,578
Multi-Family
1,676
Businesses
305
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Listed by: Cindy Johnston • Lohmiller Real Estate
Mls Name: Cincy MLS
Mls ID: #1846818