1401 E Home RdSpringfieldOH45503
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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 Springfield at 1401 E Home Rd, Springfield, OH, 45503 generates $2,060/mo in rent and, after a $1,023/mo payment, leaves $685/mo in cash flow. Total monthly income is $2,060/mo, and annual cash flow is $8,222/yr on $69,284 invested. Return on cash invested sits at 31.78% in year one, and rental yield is 11.83% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 167.05% and total cumulative return in cash sums $115,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Kimberly A. Marshall • 2Marshalls Real Estate
Mls Name: WRIST
Mls ID: #1040023