997 Cedar Ridge Dr APT 6CincinnatiOH45245
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
Investment property for sale in Cincinnati at 997 Cedar Ridge Dr APT 6, Cincinnati, OH, 45245 offers a 15.45% rental yield on a $157,000 purchase with $2,021/mo rent. Total monthly income registers $2,021/mo, and a $768/mo payment leaves $730/mo available for distribution. Annual cash flow reaches $8,757/yr on $52,046 to close, and return on cash invested stands at 36.73% in year one. Equity gained on principal adds $1,013/yr while 5% annual appreciation supports $43,376 over five years. Portfolio math shows five-year ROI at 195.77% and total cumulative return in cash at $101,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,021/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
470.45 sqft lot
$N/A/sqft
$259 monthly 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: Barbara S Klein • Coldwell Banker Realty, Anders
Mls Name: Cincy MLS
Mls Provider:
Mls ID: #1825945
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