653 Harmes AveCincinnatiOH45215
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 653 Harmes Ave, Cincinnati, OH, 45215 in Cincinnati is narrow, $50/mo net on $1,661/mo rent after the $1,101/mo debt service, but the property operates at break-even-plus, not a loss. At $244,900 with a 8.14% yield, the long-run equity case via 5% appreciation ($67,661 over five years) and $2,256/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.51 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $96,523.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.8% |
| Monthly Cash Flow | $50 | $450 |
City averages based on Cincinnati market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,661 |
| Total Monthly Debt Service | $1,513 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1924
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45215, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,655 (100%) |
| Owner Occupied HU | 6,600 (48.3%) |
| Renter Occupied HU | 5,860 (42.9%) |
| Vacant Housing Units | 1,195 ( 8.8%) |
| Median Home Value | $259,212 |
| Average Home Value | $330,147 |
Housing Distribution
Address Breakdown
Residential
13,367
Single Family
10,522
Multi-Family
2,845
Businesses
1,130
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
Single Family
Built in 1924
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45215, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,655 (100%) |
| Owner Occupied HU | 6,600 (48.3%) |
| Renter Occupied HU | 5,860 (42.9%) |
| Vacant Housing Units | 1,195 ( 8.8%) |
| Median Home Value | $259,212 |
| Average Home Value | $330,147 |
Housing Distribution
Address Breakdown
Residential
13,367
Single Family
10,522
Multi-Family
2,845
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kurt J Lamping • Sibcy Cline, Inc.
Mls Name: Cincy MLS
Mls ID: #1858006