2041 Baltimore Ave · Cincinnati, OH 45225

$35,000

2 bd · 1.0 ba · 920 sqft · SingleFamily public records · 40 Days on market

Built 1915 5,227 sqft lot

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to this 2-bedroom home in the heart of Cincinnati, Ohio, brimming with potential for those looking to make their mark. This property offers a unique opportunity for renovation enthusiasts and investors alike. A bedroom can be added to make it a 3 bedroom and can be cash flowing for a section 8 tenant great! Situated in a desirable neighborhood, you'll enjoy the convenience of local amenities, parks, and easy access to major highways. This property requires considerable work, including updates to the kitchen and bathroom, as well as general repairs throughout. Ideal for those looking to invest time and resources into creating their dream home. This is an excellent chance to transform

Key facts

• 5,227 sq ft lot
• Built 1915
• Listed 39 days

Property features AI

Finance

• Other: Zoned residential
• Financial info: Lease not considered
• HOA & community: No HOA

Exterior

• Utilities: Public water; Public sewer; Baseboard heating; Water heating listed as other
• Home design: Single family home; One story
• Construction: Construction materials listed as other; Foundation listed as other
• Exterior features: Shingle roof; Window features listed as other

Interior

• Kitchen: Kitchen approx. 14 x 15
• Bedrooms: Two bedrooms total; Primary bedroom approx. 12 x 12 (level 1); Second bedroom approx. 10 x 10 (level 1)
• Bathrooms: One full bathroom on main level; Primary bathroom listed as other
• Interior features: Five total rooms; Full basement

🏷️ Possibly a rental listed for sale. The $35,000 price doesn't fit this home's estimated sale value (~$147,200) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $516 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $34k (3.0% below list) — sets the bar for market timing.
• Cap rate 25.9% vs local median 3.9% in Cincinnati — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#130 in OH, #1,856 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Cincinnati Public Schools (urban): math 25% / reading 36% proficiency, ranked #581 of 656 in OH (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 32 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 801 units permitted in Hamilton County in 2024 (190 in 5+ unit buildings).
• At $1,057/mo this rent would consume 62% of the median local household income ($20k/yr) (locally 1466% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $4k of equity ($242 loan paydown + $4k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $33,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.02% ✓
• Cap rate: 25.88%
• Cash-on-cash: 69.95%
• DSCR: 4.11
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $147,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1917 Brinkmeier Ave	0.25mi	2/1.0	960 (+4%)	5mo	$42,500	$44	77
3388 Ninann Ct	0.31mi	3/1.5 (+1)	952 (+4%)	6mo	$155,000	$163	68
1806 Sterling Ave	0.52mi	3/1.0 (+1)	953 (+4%)	4mo	$136,000	$143	61
2751 Baker Ave	0.60mi	3/1.0 (+1)	925 (+0%)	11mo	$175,000	$189	57
2150 Weron Ln	0.49mi	2/1.0	846 (-8%)	10mo	$135,000	$160	55
2085 N Teralta Cir	0.41mi	3/1.0 (+1)	1,019 (+11%)	3mo	$198,000	$194	55
2340 Brokaw Ave	0.75mi	2/1.0	975 (+6%)	5mo	$143,000	$147	51
1706 Denham St	0.72mi	2/1.0	872 (-5%)	12mo	$82,500	$95	48
2831 Robert Ave	0.64mi	2/1.0	836 (-9%)	12mo	$140,000	$167	45
3340 Cavanaugh Ave	0.63mi	2/1.0	984 (+7%)	19mo	$73,000	$74	44
3328 Ninann Ct	0.42mi	3/1.0 (+1)	1,050 (+14%)	15mo	$144,050	$137	39
2064 Bickel Ave	0.67mi	3/1.0 (+1)	1,047 (+14%)	14mo	$171,000	$163	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 75.0%
• Equity multiple: 6.30×
• Total profit: $51,974
• Equity at exit: $31,531

10-year hold

• IRR: 69.0%
• Equity multiple: 13.99×
• Total profit: $127,348
• Equity at exit: $67,997

Cash invested: $9,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 45225

• Home prices YoY: 4.6%
• Active inventory: 32
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,057 high
• Mortgage (P&I): −$184
• Tax from tax record: −$65 /mo · $784/yr
• Insurance: −$15
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $516

Break-even live

Break-even rent $404

Max offer price $35,000

Occupancy floor 46%

Sensitivity live

Price	-10% $536	-5% $526	+0% $516	+5% $506	+10% $496
Rent	-10% $432	-5% $474	+0% $516	+5% $557	+10% $599
Rate	-1.0pp $533	-0.5pp $525	base $516	+0.5pp $507	+1.0pp $497

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3348 Ninann Ct Apt 4 Cincinnati, OH	2.0	2.0	800	$799	$1.00	2d	1	0.40mi
2230 Westwood Northern Blvd Cincinnati, OH	1.0–2.0	1.0–2.0	792	$940	$1.19	24d	3	0.43mi
2117 Saint Leo Pl Cincinnati, OH	2.0	1.0	1050	$1,150	$1.10	24d	1	0.54mi
2320 Westwood Northern Blvd Cincinnati, OH	1.0	1.0	800	$825	$1.03	4d	1	0.62mi
3570 McHenry Ave Unit 3574-3 Cincinnati, OH	2.0	1.0	900	$1,000	$1.11	24d	1	0.62mi
2101 Harrison Ave Cincinnati, OH	1.0	1.0	800	$699	$0.87	4d	1	0.63mi
2101 Harrison Ave Cincinnati, OH	1.0	1.0	800	$699	$0.87	18d	1	0.63mi
2109 Harrison Ave Unit 15 Cincinnati, OH	1.0	1.0	625	$900	$1.44	4d	1	0.64mi
2721 Baker Ave Unit 23-35 Cincinnati, OH	2.0	1.0	785	$1,095	$1.39	24d	1	0.64mi
2570 Sarvis Ct Unit 2570 01 Cincinnati, OH	2.0	1.0	1000	$1,195	$1.20	24d	1	0.65mi
2570 Sarvis Ct Unit 2572 12 Cincinnati, OH	2.0	1.0	1000	$1,250	$1.25	24d	1	0.65mi
3064 Aquadale Ln Cincinnati, OH	3.0	3.0	1102	$1,850	$1.68	24d	1	0.67mi
3382 McHenry Ave Cincinnati, OH	2.0	1.0	850	$895	$1.05	24d	1	0.67mi
3382 McHenry Ave Cincinnati, OH	2.0	1.0	850	$895	$1.05	22d	1	0.67mi
2504 White St Unit 7 Cincinnati, OH	1.0	1.0	600	$695	$1.16	24d	1	0.71mi
3401 McHenry Ave Unit 43 Cincinnati, OH	2.0	1.0	1000	$1,250	$1.25	24d	1	0.73mi
2751 Faber Ave Apt 3 Cincinnati, OH	1.0	1.0	544	$710	$1.31	24d	1	0.82mi
2332 Harrison Ave Cincinnati, OH	1.0	1.0	600	$750	$1.25	24d	1	0.87mi
2332 Harrison Ave Cincinnati, OH	1.0	1.0	600	$750	$1.25	17d	1	0.87mi
2356 Harrison Ave Cincinnati, OH	2.0	1.0	900	$1,000	$1.11	24d	1	0.87mi
3272 Gobel Ave Unit 2465-2 Cincinnati, OH	2.0	1.0	900	$900	$1.00	24d	1	0.97mi
3272 Gobel Ave Cincinnati, OH	2.0	1.0	900	$1,100	$1.22	24d	1	0.99mi
3052 Worthington Ave Cincinnati, OH	3.0	1.0	1105	$1,195	$1.08	5d	1	1.02mi
3077 Worthington Ave Cincinnati, OH	2.0	1.0	900	$1,500	$1.67	24d	1	1.04mi
2556 Beekman St Unit 301 Cincinnati, OH	2.0	1.0	1000	$950	$0.95	24d	1	1.09mi
2556 Beekman St Apt 101 Cincinnati, OH	1.0	1.0	600	$800	$1.33	24d	1	1.09mi
3042 Bracken Woods Ln Unit 3042 03 Cincinnati, OH	1.0	1.0	850	$850	$1.00	24d	1	1.13mi
2532 Harrison Ave Unit 2217 02 Cincinnati, OH	2.0	1.0	1000	$1,250	$1.25	24d	1	1.16mi
1905 Elmore St Cincinnati, OH	3.0	1.0	925	$1,320	$1.43	15d	3	1.19mi
3065 Bracken Woods Ln #2 Cincinnati, OH	1.0	1.0	709	$825	$1.16	24d	1	1.19mi
2303 Wyoming Ave Unit 2303-5 Cincinnati, OH	1.0	1.0	680	$880	$1.29	5d	1	1.23mi
2303 Wyoming Ave Unit 2303-7 Cincinnati, OH	1.0	1.0	680	$850	$1.25	24d	1	1.23mi
2303 Wyoming Ave Unit 2303-4 Cincinnati, OH	1.0	1.0	680	$975	$1.43	24d	1	1.23mi
2303 Wyoming Ave Cincinnati, OH	1.0	1.0	680	$912	$1.34	17d	2	1.23mi
2303 Wyoming Ave Unit 2303-8 Cincinnati, OH	1.0	1.0	680	$800	$1.18	5d	1	1.23mi
3107 Colerain Ave Unit 1 Cincinnati, OH	1.0	1.0	700	$895	$1.28	18d	1	1.25mi
3103 Colerain Ave Unit 1 Cincinnati, OH	1.0	1.0	700	$895	$1.28	24d	1	1.25mi
2299 Wyoming Ave Cincinnati, OH	1.0	1.0	680	$850	$1.25	17d	1	1.25mi
3301 Colerain Ave Cincinnati, OH	1.0	1.0	1021	$1,491	$1.46	5d	9	1.26mi
2291 Wyoming Ave Unit 2291-11 Cincinnati, OH	1.0	1.0	680	$850	$1.25	24d	1	1.27mi

Listing history 18 events

1. 2026-06-21
   days on market $35,000 Active 40 DOM
2. 2026-06-18
   days on market $35,000 Active 37 DOM
3. 2026-06-17
   days on market $35,000 Active 36 DOM
4. 2026-06-16
   days on market $35,000 Active 35 DOM
5. 2026-06-15
   days on market $35,000 Active 34 DOM
6. 2026-06-13
   days on market $35,000 Active 32 DOM
7. 2026-06-13
   days on market $35,000 Active 31 DOM
8. 2026-06-09
   days on market $35,000 Active 28 DOM
9. 2026-06-08
   days on market $35,000 Active 27 DOM
10. 2026-06-07
    days on market $35,000 Active 26 DOM
11. 2026-06-03
    days on market $35,000 Active 22 DOM
12. 2026-06-02
    pricedays on market $35,000 Active 21 DOM
13. 2026-06-01
    days on market $40,000 Active 20 DOM
14. 2026-05-31
    days on market $40,000 Active 19 DOM
15. 2026-05-21
    price $45,000
16. 2026-05-12
    listed $50,000 Active
17. 2003-10-23
    soldstatus $42,000
18. 1988-12-14
    soldstatus $30,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $784 · $65/mo
• Projected year-2 tax: $784 · $65/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,680
• − Mortgage interest: −$1,961
• − Property taxes: −$784
• − Insurance: −$842
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$1,018
• Taxable income: $6,047
• Est. tax owed @ 24.0%: −$1,451
• After-tax cash flow: $4,738/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cincinnati Public Schools
• NCES district ID: 3904375
• Math proficiency: 25% ▼ -19.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $35,743
• Composite: 25.21/100
• National rank: #7508
• State rank: #581 of 656 in OH

Livability — Cincinnati

• Score: 80/100
• State rank: #130
• US rank: #1856

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D Housing A+ Health & safety B+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cincinnati, OH
• County: Hamilton County · 701,295 people
• City population: 505,555
• Metro: Cincinnati, OH-KY-IN
• Population (ZIP): 9,583
• Household income: $20,348
• Rent vs Own: 87.2% rent · 12.8% own
• Severe rent burden: 1466.0

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 826,054 people
• By 2030: 830,947 · +0.6%
• By 2040: 832,319 · +0.8%
• By 2050: 822,428 · -0.4%
• By 2075: 788,688 · -4.5%
• By 2100: 710,674 · -14.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 2%

Political lean MEDSL · Hamilton

• 2024 margin: D (+14.9) · D 57.0% · R 42.1%
• 2008→2024 swing: +7.9pp toward D · 2008: 7.0pp · 2024: 14.9pp
• All cycles: 2024: D+14.9 2020: D+15.9 2016: D+9.5 2012: D+4.9 2008: D+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.21%
• Current HPI: 232.7908
• Rent YoY: —
• Metro: Cincinnati, OH-KY-IN
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+50.0% since first listed

4 events — show timeline

• 2026-05-21 Price Changed $45,000 Cincy MLS
• 2026-05-12 Listed $50,000 Cincy MLS
• 2003-10-23 Sold (Public Records) $42,000 Public Records
• 1988-12-14 Sold (Public Records) $30,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $784 · +77.1% YoY. Source: county tax records.