1063 Russell AveSpringfieldOH45506
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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
Rental property for sale in Springfield at 1063 Russell Ave, Springfield, OH, 45506 offers $1,030/mo rent that, after a $597/mo payment, leaves $228/mo cash flow. Total monthly income is $1,030/mo, and annual cash flow is $2,734/yr on $40,410 cash. Return on cash invested measures 26.67% in year one, and rental yield stands at 10.14% at a $121,900 entry. Equity gained on principal adds $787/yr while 5% annual appreciation compounds into $33,679 by year five. Five-year ROI records 139.64% and total cumulative return in cash reaches $56,428. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,030/mo property income versus a $597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Broghamer • Real Estate II, Inc.
Mls Name: WRIST
Mls Provider:
Mls ID: #1036394
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