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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cincinnati at 6056 Parakeet Dr, Cincinnati, OH, 45247 offers a 9.93% rental yield on a $160,000 purchase with $1,324/mo rent. Total monthly income registers $1,324/mo, and a $783/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,260/yr on $53,040 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 136.32% and total cumulative return in cash at $72,302. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,324/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45247, Cincinnati, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,518 (100%) |
| Owner Occupied HU | 7,712 (81.0%) |
| Renter Occupied HU | 1,390 (14.6%) |
| Vacant Housing Units | 416 ( 4.4%) |
| Median Home Value | $307,845 |
| Average Home Value | $345,048 |
Residential
10,118
Single Family
7,994
Multi-Family
2,124
Businesses
444
Date | Event | Price |
|---|---|---|
| 2024-11-23 | Listed for sale | $160,000 |
| 2019-06-11 | Sold | $30,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | $1966.30 | -3.08% | $38,364 | 14.25% |
| 2022-01-11 | $2028.79 | 4.01% | $33,579 | N/A |
| 2021-01-11 | $1950.55 | 5.62% | $33,579 | N/A |
Listed by: Angela Huddleston • eXp Realty
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1825234
Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity programs of the MLS of Greater Cincinnati, Inc.. Those listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity logo and house icon. The properties displayed may not be all of the properties available through Broker Reciprocity. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Zillow, Inc. does not display the entire Cincinnati MLS Broker Reciprocity database on this web site. The listings of some real estate brokerage firms have been excluded. Copyright 2024, MLS of Greater Cincinnati, Inc. All rights reserved
