121 E 1st StSpringfieldOH45504
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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 121 E 1st St, Springfield, OH, 45504 listed at $245,000 pairs $2,447/mo rent with a $1,199/mo payment to leave $836/mo cash flow. Total monthly income runs $2,447/mo, and annual cash flow reaches $10,027/yr on $81,218 cash to close. Return on cash invested measures 32.25% in year one, and rental yield registers 11.99% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 169.57% and total cumulative return in cash totals $137,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,447/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
9,147 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: Dori Gaier • Coldwell Banker Heritage
Mls Name: WRIST
Mls Provider:
Mls ID: #1036612
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