Rental Property Underwriting in Cincinnati, OH
Steady Midwest cash flow with Hamilton County reassessment risk.
Typical SFR price
$200,000 – $280,000
3-bed rent (monthly)
$1,400 – $1,850
Effective property-tax rate
1.75% – 2.30%
Insurance (annual, ~$300k SFR)
$900 – $1,400
Gross rent-to-price (monthly)
0.65% – 0.82%
Landlord-tenant climate
balanced
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Cincinnati different
- 2023 reassessment raised many rentals 20-40% — model higher taxes for new buys.
- Section 8 demand is strong; verify local voucher payment standards.
- Kentucky-side (Northern Kentucky) has different tax and legal regime.
Quick worked example
Mid-range Cincinnati deal: $240,000 purchase, $1,625/mo rent → gross yield 8.13%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.