693 Carlsbad RdCincinnatiOH45240
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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
Rental property for sale in Cincinnati at 693 Carlsbad Rd, Cincinnati, OH, 45240 offers $1,722/mo rent that, after a $1,126/mo payment, leaves $209/mo cash flow. Total monthly income is $1,722/mo, and annual cash flow is $2,506/yr on $76,245 cash. Return on cash invested measures 23.2% in year one, and rental yield stands at 8.98% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 120.98% and total cumulative return in cash reaches $92,239. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,722/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45240, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,031 (100%) |
| Owner Occupied HU | 6,627 (60.1%) |
| Renter Occupied HU | 3,927 (35.6%) |
| Vacant Housing Units | 477 ( 4.3%) |
| Median Home Value | $210,500 |
| Average Home Value | $243,111 |
Housing Distribution
Address Breakdown
Residential
10,965
Single Family
8,801
Multi-Family
2,164
Businesses
593
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Listed by: Bruce Koehler • Comey & Shepherd
Mls Name: Cincy MLS
Mls ID: #1864713