112 Springlake AveHillsboroOH45133
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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 Hillsboro at 112 Springlake Ave, Hillsboro, OH, 45133 offers $932/mo rent that, after a $744/mo payment. Total monthly income is $932/mo. Return on cash invested measures 18.29% in year one, and rental yield stands at 7.36% at a $152,000 entry. Equity gained on principal adds $981/yr while 5% annual appreciation compounds into $41,995 by year five. Five-year ROI records 94.76% and total cumulative return in cash reaches $47,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $932/mo property income versus a $744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1994
1,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45133, Hillsboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,817 (100%) |
| Owner Occupied HU | 6,987 (64.6%) |
| Renter Occupied HU | 2,614 (24.2%) |
| Vacant Housing Units | 1,216 (11.2%) |
| Median Home Value | $205,527 |
| Average Home Value | $248,026 |
Housing Distribution
Address Breakdown
Residential
10,308
Single Family
10,189
Multi-Family
119
Businesses
763
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