How to BRRRR in Cincinnati, OH

Start with the gross math. Cincinnati's typical home value is $252,784; ZORI (Zillow's rent index) sits at $1,473/mo. That's 6.99% gross annual yield. That's well above the national 4-5% baseline — meaningful cushion for a BRRRR to pencil even at today's debt cost.

Run the DSCR sanity check. Assume 75% LTV refi at 7.5% interest, 30-year, plus taxes + insurance + 8% PM + 8% vacancy/capex reserve. On these inputs you should clear DSCR 1.20+ in Cincinnati with comfortable headroom. Cash-flow at $200-400/door is achievable on a properly underwritten property.

Rent demand color: Cincinnati rents ($1,473) sit 24% below the national median ($1,930). Local rent is the constraint here — even at favorable acquisition prices, the rent side of the math is the limiting factor.

Refi appraisal risk: Cincinnati home values are flat YoY — refi appraisals should support your renovated comp on a properly scoped rehab. No softening tailwind to worry about, no appreciation tailwind to lean on.