6604 Hearne Rd UNIT 58CincinnatiOH45248
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
Investment property for sale in Cincinnati at 6604 Hearne Rd UNIT 58, Cincinnati, OH, 45248 uses $43,095 cash to close to unlock $1,718/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $998/mo, and a $636/mo payment keeps the spread at $143/mo. Purchase price stands at $130,000, and rental yield measures 9.21% with $998/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $53,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $998/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1975
25.09 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Thompson • 3 B Realty Group LLC
Mls Name: Cincy MLS
Mls ID: #1842852