11575 New Hope Dr Cincinnati OH 45240

8 investors added to watchlist

11575 New Hope Dr

Cincinnati OH 45240

Home Price

Price Drop

$260,000

$250,000

$75,000 down payment (30%)

Year 1 Highlights

2.84%Cash on Cash info icon

5.94%Cap Rate info icon

8%YoY Appreciation info icon

$417Cash Flow/mo. info icon

11575 New Hope Dr, Cincinnati OH 45240

$250,000

Price Drop

Was $260,000

3 bed·1.5 bath·1,626 sqft·Built 1978

Leased · $1,975/moVerified by Doorvest

8 investors watching

Year 1 Highlights

2.84%Cash on Cash info icon

5.94%Cap Rate info icon

8%YoY Appreciation info icon

$417Cash Flow/mo. info icon

Why invest?

This well-maintained 3-bedroom, 1.5-bathroom home in Cincinnati's 45240 zip code offers a solid investment opportunity. Built in 1978, the property features 1,626 square feet of living space, providing ample room for tenants. The area boasts a median home price of $269,400, reflecting a 10% increase from the previous year, indicating a healthy real estate market.

Property Overview

This 1,626 sq ft home, constructed in 1978, includes 3 bedrooms and 1.5 bathrooms. The spacious layout offers comfortable living areas, suitable for families or professionals. The property is in good condition, requiring minimal immediate maintenance.

Economic and Employment Insights

Cincinnati's economy is diverse and stable, with major employers such as Procter & Gamble, Kroger, and Fifth Third Bank. The region has experienced job growth of approximately 2.5% and a population increase of around 1.2%, contributing to a robust economic environment.

Local Amenities

The 45240 area offers a range of amenities, including reputable schools, convenient public transportation options, and various shopping and dining establishments. The neighborhood is known for its parks and recreational facilities, enhancing the quality of life for residents.

Currently Leased

Monthly Rent

$2,074/month

Currently $1,975/mo · renews Aug 2026

✓ Managed & verified by Doorvest

Lease Term

Aug 2026 – Jul 2027

Tenant Since

Jul 2024

Managed by Doorvest

Lease data verified by Doorvest.

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