130 W Springfield StFrankfortOH45628
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Nearby investment properties with comparable prices
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 Frankfort at 130 W Springfield St, Frankfort, OH, 45628 priced at $190,000 pairs $1,681/mo rent with $431/mo cash flow after a $930/mo payment. Total monthly income equals $1,681/mo, and annual cash flow comes to $5,174/yr on $62,985 invested. Return on cash invested is 28.12% in year one, and rental yield stands at 10.62% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 147.48% and total cumulative return in cash reaches $92,892. For financing, Ziffy Mortgage’s DSCR program evaluates $1,681/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45628, Frankfort, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,668 (71.8%) |
| Renter Occupied HU | 495 (21.3%) |
| Vacant Housing Units | 161 ( 6.9%) |
| Median Home Value | $230,519 |
| Average Home Value | $258,140 |
Housing Distribution
Address Breakdown
Residential
1,925
Single Family
1,905
Multi-Family
20
Businesses
77
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