Ranch home in Cincinnati, OH
This Ranch home in Cincinnati, OH offers 3 bedrooms and 2 bathrooms across 1,410 square feet. The Ranch styling carries through the home's design.
| Price | $415,000 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1410 |
|---|
| Architectural style | Ranch (84% match) |
|---|
| Address | 490 Shannon Ln, Cincinnati, OH 45255 |
|---|
Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced above comparable homes.
- At $415K, this home is 60% above the $260K median for 464 similar Ranch homes in Cincinnati, OH.
- That works out to $294 per square foot, 62% above the $182 comparable rate.
- New to market (3 days), so expect competition.
| This home | $415,000 |
|---|
| Ranch median in Cincinnati, OH | $260,000 (464 homes) |
|---|
| Price per sq ft | $294 vs. $182 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,977/month with 20% down at a 7.28% 30-year fixed rate. You would need about $127,589 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,272/mo |
|---|
| Property tax (new-buyer reassessed rate) | $550/mo |
|---|
| Homeowners insurance | $156/mo |
|---|
| Total monthly | $2,977/mo |
|---|
| Down payment (20%) | $83,000 |
|---|
| Income needed | $127,589/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (59 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (59/100) |
|---|
| Beats renting in | 8% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $187,020 |
|---|
| Range (10th to 90th pct) | $109,860 to $282,896 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Cincinnati, OH where local data is thin.
Local home values
Typical home values in Cincinnati, OH have risen about 26% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia