Cincinnati Ohio Investment Property

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Cincinnati Ohio Investment Property
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 Long Ln, Cincinnati, 45231  [URB]
30 Photos
Home for sale: Long Ln, Cincinnati, OH
   
Purchase Price: $166,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,500
Bedrooms: 4 Property Tax: $274
Bathrooms: 3 Insurance/HOA: $42
Size: (sq ft) 1,098  Property Mgmt: $120
Price/Sq foot:  $151 Cash Flow: (Raw) $1,064
Year Built: 1946 Cap Rate: 7.7%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4
This nice home has 4 bedrooms and 3 bathrooms and is located in Hamilton County.
 Meis Avenue, Cincinnati, 45224  [URB]
13 Photos
Home for sale: Meis Avenue, Cincinnati, OH
   
Purchase Price: $106,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $925
Bedrooms: 3 Property Tax: $158
Bathrooms: 1 Insurance/HOA: $42
Size: (sq ft) 1,335  Property Mgmt: $74
Price/Sq foot:  $79 Cash Flow: (Raw) $651
Year Built: 1938 Cap Rate: 7.4%
Parking: 2 Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.3
This property has 3 bedrooms and 1 bathroom and is located in Hamilton County.
 Mayfair Street, Cincinnati, 45216  [URB]
1 Photo
Home for sale: Mayfair Street, Cincinnati, OH
   
Purchase Price: $116,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,150
Bedrooms: 4 Property Tax: $83
Bathrooms: 2 Insurance/HOA: $42
Size: (sq ft) 1,600  Property Mgmt: $92
Price/Sq foot:  $73 Cash Flow: (Raw) $933
Year Built: 1948 Cap Rate: 9.7%
Parking: 1 Rent/Value Ratio: 1.0%
Neighborhood: C DealGrader™: 7.6
This property has 4 bedrooms and 2 bathrooms and is undergoing rehab.
 Hartwell Court, Cincinnati, 45216  [URB]
1 Photo
Home for sale: Hartwell Court, Cincinnati, OH
   
Purchase Price: $116,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,125
Bedrooms: 4 Property Tax: $160
Bathrooms: 1.5 Insurance/HOA: $42
Size: (sq ft) 1,243  Property Mgmt: $90
Price/Sq foot:  $93 Cash Flow: (Raw) $833
Year Built: 1945 Cap Rate: 8.6%
Parking: 2 Rent/Value Ratio: 1.0%
Neighborhood: C DealGrader™: 7.5
This property has 4 bedrooms and 1.5 bathrooms and is undergoing rehab.

More Properties Coming Soon!

POPULATION GROWTH

  • Population of 297,517  (2013 estimate).
  • Cincinnati has added about 1,000 new people since the decennial census in 2010, according to new estimates released by the U.S. Census Bureau.
  • Over the past decade, total U.S. population has increased 9.3 percent compared to Cincinnati’s 5.5 percent increase.

JOB GROWTH

  • The estimated unemployment rate for 2014 is 6.7 percent (lower than 2013's 7.1 percent).  The region’s lower unemployment rate is a notable bright spot.
  • During the 12-months ending November 2013, the Cincinnati MSA labor market added, on average, 900 jobs per month up from 500 jobs per month for the 12-month period ending November 2012.
  • Projected annual job growth 1.6%.

ECONOMY

  • Cincinnati’s GDP growth is forecasted to increase 2 percent this year compared to the nation’s forecasted 2.5 percent increase.
  • Median Household Income: $52,663
  • Household Income Growth: 0.2%

TAXES / COST OF LIVING

  • Cost of Living: 7.1% below national avgerage
  • State sales tax rate is currently 5.75%.

MISCELLANEOUS

  • Cincinnati is Ohio's third largest city and the 25th largest city in the U.S.
  • Cleveland, Ohio was the first city to be lighted by electricity.
  • On the Lawbooks: It is illegal to get a fish drunk. (Is it even possible?)  And it's also illegal to fish for whales on Sunday.

Overview

Cincinnati is a large city located in the state of Ohio. With a population of 296,204 people and 166 constituent neighborhoods, Cincinnati is the third largest community in Ohio. Cincinnati has a large stock of pre-World War II architecture, making it one of the older and more historic cities in the country.

Cincinnati is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Cincinnati is a city of professionals, sales and office workers and service providers. There are especially a lot of people living in Cincinnati who work in office and administrative support (14.01%), sales jobs (10.05%) and management occupations (8.37%).

Also of interest is that Cincinnati has more people living here who work in computers and math than 95% of the places in the US.

One thing noticeable about Cincinnati, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Cincinnati is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Cincinnati a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Cincinnati is one of the top larger cities in America for educated single professionals to flock.

A lot of people in Cincinnati take the bus for their daily commute. For the size of the city, the number of people who use public transportation is quite high. For many people in Cincinnati, this fills their need for low-cost transportation.

Cincinnati Information and Demographics

In terms of college education, Cincinnati is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.32% of adults in Cincinnati have a college degree.

The per capita income in Cincinnati in 2010 was $24,538, which is upper middle income relative to Ohio and the nation. This equates to an annual income of $98,152 for a family of four. However, Cincinnati contains both very wealthy and poor people as well.

Cincinnati is an extremely ethnically-diverse city. The people who call Cincinnati home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cincinnati residents report their race to be White, followed by Black or African-American. Important ancestries of people in Cincinnati include German, Irish, African, English and Italian.

The most common language spoken in Cincinnati is English. Some people also speak Spanish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Cincinnati, OH  (MSA)
6.0% 8.8% 11.6% 14.3%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Cincinnati, OH
Market Inventory Trends — Cincinnati, OH
Average Days on Market — Cincinnati, OH
Market Action Index — Cincinnati, OH

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Additional Statistics for Cincinnati, OH
135,835 34,805 32 20 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Cincinnati, OH
Unemployment Rate Trends - Cincinnati, Ohio
            Cincinnati, OHorida, National.   (Recessions shown as gray bars.)
Total Employment Trends — Cincinnati, OH
Total Employment - Cincinnati, Ohio
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Cincinnati, OH
Real Median Household Income Trends - Cincinnati, Ohio
            Cincinnati, OHorida, National.
Home Rent-to-Mortgage Payment Ratio — Cincinnati, OH
Home Rent-to-Mortgage Payment Ratio - Cincinnati, Ohio

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Cincinnati was 1.14 in March 2014.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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