700 E Main St UNIT 14HillsboroOH45133
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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 Hillsboro at 700 E Main St UNIT 14, Hillsboro, OH, 45133 uses $62,985 cash to close to unlock $170/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $930/mo payment keeps the spread at $14/mo. Purchase price stands at $190,000, and rental yield measures 9.37% with $1,484/mo rent. Return on cash invested shows 20.18% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 106.39% and total cumulative return in cash records $67,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1991
1,481 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45133, Hillsboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,817 (100%) |
| Owner Occupied HU | 6,987 (64.6%) |
| Renter Occupied HU | 2,614 (24.2%) |
| Vacant Housing Units | 1,216 (11.2%) |
| Median Home Value | $205,527 |
| Average Home Value | $248,026 |
Housing Distribution
Address Breakdown
Residential
10,308
Single Family
10,189
Multi-Family
119
Businesses
763
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Listed by: Rusty Fite • Chambers-Fite Realty Co.
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1843922
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