824 McPherson AveCincinnatiOH45205
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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
Rental property for sale in Cincinnati at 824 McPherson Ave, Cincinnati, OH, 45205 priced at $179,995 converts $1,839/mo rent into $655/mo cash flow after a $881/mo obligation. Total monthly income equals $1,839/mo, and annual cash flow totals $7,860/yr on $59,668 invested. Return on cash invested prints 33.08% in year one, and rental yield reads 12.26% against a $179,995 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,729 by year five. Five-year ROI reaches 174.07% and total cumulative return in cash sums $103,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,839/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,141 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45205, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,822 (100%) |
| Owner Occupied HU | 2,474 (28.0%) |
| Renter Occupied HU | 5,049 (57.2%) |
| Vacant Housing Units | 1,299 (14.7%) |
| Median Home Value | $116,860 |
| Average Home Value | $194,266 |
Housing Distribution
Address Breakdown
Residential
7,602
Single Family
5,860
Multi-Family
1,742
Businesses
264
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Listed by: Corry Bretnitz • Sibcy Cline, Inc.
Mls Name: Cincy MLS
Mls ID: #1838881