1119 Garfield AveSpringfieldOH45504
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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 1119 Garfield Ave, Springfield, OH, 45504 uses $72,930 cash to close to unlock $2,024/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,616/mo, and a $1,077/mo payment keeps the spread at $169/mo. Purchase price stands at $220,000, and rental yield measures 8.81% with $1,616/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash records $86,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,616/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1901
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
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Listed by: KD ` Nave • Glasshouse Realty Group
Mls Name: DABR MLS
Mls ID: #940031