1405 Providence AveSpringfieldOH45503
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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 1405 Providence Ave, Springfield, OH, 45503 generates $1,735/mo in rent and, after a $1,099/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,735/mo, and annual cash flow is $3,097/yr on $74,422 invested. Return on cash invested sits at 24.07% in year one, and rental yield is 9.27% on a $224,500 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 125.75% and total cumulative return in cash sums $93,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,735/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
8,424 sqft 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: Nicole Harris • Glasshouse Realty Group
Mls Name: WRIST
Mls Provider:
Mls ID: #1037957
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.