Browse Properties
Opportunity in Suburban Cincinnati (OH)
Cincinnati, OH 45247
Opportunity in Suburban Cincinnati (OH)
Cincinnati, OH 45247
6.5%
Year 1 Cap Rate$319,255
10 yr cash flow10.42%
10 yr IRRDetails
- Lot size24,829
- Rentable Sq.Ft1,991
- $/Rentable Sq.Ft$110
- Monthly rent$2,050
- Safety deposit$2,050
- Estimated reserve$3,500
- Lease start2024-11-01
- Lease end2025-10-31
- HOANo
- Flood zoneNo
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Cincinnati, 45247
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $24,600 | $25,338 | $26,098 | $27,688 | $32,097 |
| Vacancy & Collection Loss | ($1,230) | ($1,267) | ($1,305) | ($1,384) | ($1,605) |
| Operating revenues | $23,370 | $24,071 | $24,793 | $26,304 | $30,492 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,590) | ($1,638) | ($1,687) | ($1,790) | ($2,075) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($410) | ($422) | ($435) | ($461) | ($535) |
| Property management | ($1,169) | ($1,204) | ($1,240) | ($1,315) | ($1,525) |
| Real estate taxes | ($4,970) | ($4,395) | ($4,527) | ($4,803) | ($5,568) |
| Repairs and maintenance | ($984) | ($1,014) | ($1,044) | ($1,108) | ($1,284) |
| Operating expenses | ($9,123) | ($8,673) | ($8,933) | ($9,477) | ($10,987) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $23,370 | $24,071 | $24,793 | $26,304 | $30,492 |
| Operating expenses | ($9,123) | ($8,673) | ($8,933) | ($9,477) | ($10,987) |
| Net Operating Income | $14,247 | $15,398 | $15,860 | $16,827 | $19,505 |
| Cap Rate | 6.5% | 7.0% | 7.2% | 7.6% | 8.9% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,667) | ($1,716) | ($1,768) | ($1,876) | ($2,174) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,667) | ($1,716) | ($1,768) | ($1,876) | ($2,174) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $12,580 | $13,682 | $14,092 | $14,951 | $17,331 |
| Cash yield | 5.2% | 5.7% | 5.9% | 6.2% | 7.2% |
Acquisition Equity
| Down payment | ($220,000) | |||
|---|---|---|---|---|
| Title insurance | ($3,300) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($3,075) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($2,243) | |||
| Total | ($240,618) | |||
Disposition Proceeds
| Estimated sale price | $420,926 | |||
|---|---|---|---|---|
| Disposition fee | ($4,209) | |||
| Other disposition costs | ($8,419) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $408,298 | |||
