958 Summit AveCincinnatiOH45246
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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 Cincinnati at 958 Summit Ave, Cincinnati, OH, 45246 offers a 10.87% rental yield on a $259,900 purchase with $2,354/mo rent. Total monthly income registers $2,354/mo, and a $1,272/mo payment leaves $645/mo available for distribution. Annual cash flow reaches $7,734/yr on $86,157 to close, and return on cash invested stands at 28.89% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 151.51% and total cumulative return in cash at $130,534. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,354/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
7,056 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45246, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,207 (100%) |
| Owner Occupied HU | 3,498 (48.5%) |
| Renter Occupied HU | 3,202 (44.4%) |
| Vacant Housing Units | 507 ( 7.0%) |
| Median Home Value | $227,379 |
| Average Home Value | $280,407 |
Housing Distribution
Address Breakdown
Residential
7,076
Single Family
5,502
Multi-Family
1,574
Businesses
1,536
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Listed by: Derek Eisenberg • Continental Real Estate Group
Mls Name: Cincy MLS
Mls ID: #1856354