124 Old Mill Rd, Springfield, OH, 45506 | 7.15% Rental Yield

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1210 sft

2833 Kenview Ave, Dayton, OH, 45420

2 Bed
2 Bath
1307 sft

639 Saint Nicholas Ave, Dayton, OH, 45410

3 Bed
2 Bath
1296 sft

470 Marshall Dr, Xenia, OH, 45385

2 Bed
1 Bath
1271 sft

48 S Wright Ave, Dayton, OH, 45403

Nearby investment properties with comparable prices

3 Bed
3 Bath
1564 sft

3586 Conifer Cir, Huber Heights, OH, 45424

4 Bed
2 Bath
1620 sft

20 Fair Ave, Medway, OH, 45341

4 Bed
2 Bath
2408 sft

436 Rader Dr, Vandalia, OH, 45377

3 Bed
2 Bath
1420 sft

5784 Pennywell Dr, Dayton, OH, 45424

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Springfield at 124 Old Mill Rd, Springfield, OH, 45506 priced at $285,000 converts $1,697/mo rent into after a $1,395/mo obligation. Total monthly income equals $1,697/mo. Return on cash invested prints 17.65% in year one, and rental yield reads 7.15% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 91.27% and total cumulative return in cash sums $86,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,697/mo property income covering a $1,395/mo payment, not borrower’s personal income.

Single Family

Built in 1974

17.24 Acres lot

$N/A/sqft

No HOA