7343 Ridgepoint Dr APT 305Anderson TownshipOH45230
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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 Anderson Township at 7343 Ridgepoint Dr APT 305, Anderson Township, OH, 45230 offers a 8.09% rental yield on a $205,000 purchase with $1,382/mo rent. Total monthly income registers $1,382/mo, and a $1,003/mo payment leaves $34/mo available for distribution. Annual cash flow reaches $407/yr on $67,958 to close, and return on cash invested stands at 20.51% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 106.54% and total cumulative return in cash at $72,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,382/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
6.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45230, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 8,589 (66.4%) |
| Renter Occupied HU | 3,480 (26.9%) |
| Vacant Housing Units | 861 ( 6.7%) |
| Median Home Value | $303,619 |
| Average Home Value | $363,328 |
Housing Distribution
Address Breakdown
Residential
12,520
Single Family
9,898
Multi-Family
2,622
Businesses
530
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Listed by: Kristi Smith • Sibcy Cline, Inc.
Mls Name: Cincy MLS
Mls ID: #1857177