873 Northern PkwyCincinnatiOH45224
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
Rental property for sale in Cincinnati at 873 Northern Pkwy, Cincinnati, OH, 45224 priced at $215,000 converts $1,709/mo rent into $260/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,709/mo, and annual cash flow totals $3,117/yr on $71,273 invested. Return on cash invested prints 24.28% in year one, and rental yield reads 9.54% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 127.04% and total cumulative return in cash sums $90,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,709/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45224, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,720 (100%) |
| Owner Occupied HU | 5,123 (52.7%) |
| Renter Occupied HU | 3,810 (39.2%) |
| Vacant Housing Units | 787 ( 8.1%) |
| Median Home Value | $229,770 |
| Average Home Value | $256,258 |
Housing Distribution
Address Breakdown
Residential
9,407
Single Family
6,806
Multi-Family
2,601
Businesses
404
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Listed by: Nicholas Rabin • Homeshake.com
Mls Name: My State MLS
Mls ID: #11411000