1111 Lafayette AveSpringfieldOH45505
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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
Investment property for sale in Springfield at 1111 Lafayette Ave, Springfield, OH, 45505 listed at $145,000 pairs $1,114/mo rent with a $710/mo payment to leave $160/mo cash flow. Total monthly income runs $1,114/mo, and annual cash flow reaches $1,919/yr on $48,068 cash to close. Return on cash invested measures 23.9% in year one, and rental yield registers 9.22% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 124.74% and total cumulative return in cash totals $59,960. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,114/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
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Listed by: Gretchen Roberts • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls ID: #1042070