1450 Moorefield 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 1450 Moorefield Rd, Springfield, OH, 45503 generates $1,732/mo in rent and, after a $903/mo payment, leaves $486/mo in cash flow. Total monthly income is $1,732/mo, and annual cash flow is $5,830/yr on $61,162 invested. Return on cash invested sits at 29.44% in year one, and rental yield is 11.27% on a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 154.71% and total cumulative return in cash sums $94,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,732/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.26 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: Josh Hufford • Roost Real Estate Co.
Mls Name: WRIST
Mls Provider:
Mls ID: #1034759
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.