1311-1313 Garfield AveSpringfieldOH45504
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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 1311-1313 Garfield Ave, Springfield, OH, 45504 listed at $225,000 pairs $1,535/mo rent with a $1,101/mo payment to leave $55/mo cash flow. Total monthly income runs $1,535/mo, and annual cash flow reaches $663/yr on $74,588 cash to close. Return on cash invested measures 20.8% in year one, and rental yield registers 8.19% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 108.16% and total cumulative return in cash totals $80,673. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,535/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1923
7,840 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: Maegan Benne • Glasshouse Realty Group
Mls Name: WRIST
Mls Provider:
Mls ID: #1039029
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