621 Covedale Ave APT 3CincinnatiOH45238
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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 621 Covedale Ave APT 3, Cincinnati, OH, 45238 earns from $1,282/mo rent with a $1,018/mo payment. Total monthly income totals $1,282/mo. ROI tracks 18.41% on current figures, and rental yield reads 7.4% at a $208,000 purchase. Equity gained on principal adds $1,342/yr, and 5% annual appreciation supports $57,467 over five years. Five-year ROI reaches 95.3% and total cumulative return in cash sums $65,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,282/mo property income instead of your personal income.
Condo
Built in 1995
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45238, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,687 (100%) |
| Owner Occupied HU | 11,429 (58.1%) |
| Renter Occupied HU | 6,901 (35.1%) |
| Vacant Housing Units | 1,357 ( 6.9%) |
| Median Home Value | $205,576 |
| Average Home Value | $257,391 |
Housing Distribution
Address Breakdown
Residential
19,820
Single Family
14,161
Multi-Family
5,659
Businesses
651
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Listed by: Shelli J Drain • OwnerLand Realty, Inc.
Mls Name: Cincy MLS
Mls ID: #1864037