166 Chesapeake CirSpringfieldOH45505
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Nearby investment properties with comparable prices
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 166 Chesapeake Cir, Springfield, OH, 45505 offers $2,196/mo rent that, after a $1,508/mo payment, leaves $111/mo cash flow. Total monthly income is $2,196/mo, and annual cash flow is $1,329/yr on $102,102 cash. Return on cash invested measures 21.21% in year one, and rental yield stands at 8.56% at a $308,000 entry. Equity gained on principal adds $1,987/yr while 5% annual appreciation compounds into $85,095 by year five. Five-year ROI records 110.59% and total cumulative return in cash reaches $112,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,196/mo property income versus a $1,508/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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