13885 Beard RdNew SpringfieldOH44443
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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
Rental property for sale in New Springfield at 13885 Beard Rd, New Springfield, OH, 44443 generates $974/mo in rent, after a $1,199/mo payment. Total monthly income is $974/mo. Return on cash invested sits at 10.49% in year one, and rental yield is 4.77% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 52.87% and total cumulative return in cash sums $42,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $974/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
7.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44443, New Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 671 (100%) |
| Owner Occupied HU | 507 (75.6%) |
| Renter Occupied HU | 132 (19.7%) |
| Vacant Housing Units | 32 ( 4.8%) |
| Median Home Value | $224,378 |
| Average Home Value | $249,487 |
Housing Distribution
Address Breakdown
Residential
701
Single Family
701
Multi-Family
0
Businesses
56
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Listed by: Nancy R Cuffle • Howard Hanna
Mls Name: MLS Now
Mls ID: #5173743