971 Cedar Ridge Dr APT 5CincinnatiOH45245
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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 971 Cedar Ridge Dr APT 5, Cincinnati, OH, 45245 uses $56,687 cash to close to unlock $2,930/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $837/mo payment keeps the spread at $244/mo. Purchase price stands at $171,000, and rental yield measures 9.61% with $1,369/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $47,244 over five years. Five-year ROI reaches 131.16% and total cumulative return in cash records $74,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $837/mo payment rather than investor’s personal income.
Condo
Built in 1991
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45245, Cincinnati, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,135 (100%) |
| Owner Occupied HU | 5,996 (59.2%) |
| Renter Occupied HU | 3,610 (35.6%) |
| Vacant Housing Units | 529 ( 5.2%) |
| Median Home Value | $308,485 |
| Average Home Value | $318,314 |
Housing Distribution
Address Breakdown
Residential
9,518
Single Family
7,195
Multi-Family
2,323
Businesses
650
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Listed by: Brit M Roberts • Coldwell Banker Realty, Anders
Mls Name: Cincy MLS
Mls ID: #1853856