1206 Parklake RowSpringboroOH45066
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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 Springboro at 1206 Parklake Row, Springboro, OH, 45066 uses $104,423 cash to close to unlock $5,157/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $2,762/mo, and a $1,542/mo payment keeps the spread at $430/mo. Purchase price stands at $315,000, and rental yield measures 10.52% with $2,762/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 130.92% and total cumulative return in cash records $136,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,762/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 2019
1,089 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45066, Springboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 8,827 (85.2%) |
| Renter Occupied HU | 1,134 (10.9%) |
| Vacant Housing Units | 402 ( 3.9%) |
| Median Home Value | $388,058 |
| Average Home Value | $434,155 |
Housing Distribution
Address Breakdown
Residential
9,993
Single Family
9,570
Multi-Family
423
Businesses
698
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Listed by: Sandra G Martin • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls Provider:
Mls ID: #937622
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.