1057 Cheyenne AveSpringfieldOH45503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springfield at 1057 Cheyenne Ave, Springfield, OH, 45503 uses $38,122 cash to close to unlock $509/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $864/mo, and a $563/mo payment keeps the spread at $42/mo. Purchase price stands at $114,999, and rental yield measures 9.02% with $864/mo rent. Return on cash invested shows 21.24% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash records $42,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $864/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1984
871.20 sqft lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Drake • eXp Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1037103
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.