1428 Highland 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
Investment property for sale in Springfield at 1428 Highland Ave, Springfield, OH, 45503 offers a 9.36% rental yield on a $119,900 purchase with $935/mo rent. Total monthly income registers $935/mo, and a $587/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,754/yr on $39,747 to close, and return on cash invested stands at 24.32% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 127.16% and total cumulative return in cash at $50,544. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $935/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
6,355 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: Sunil Dhingra • Always Sunny Realty LLC
Mls Name: DABR MLS
Mls ID: #938947