172 Skyway DrSpringfieldOH45505
Nearby investment properties with comparable rents
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 172 Skyway Dr, Springfield, OH, 45505 priced at $323,900 pairs $2,154/mo rent with $24/mo cash flow after a $1,585/mo payment. Total monthly income equals $2,154/mo, and annual cash flow comes to $285/yr on $107,373 invested. Return on cash invested is 20.17% in year one, and rental yield stands at 7.98% on a $323,900 basis. Equity gained on principal adds $2,090/yr, and 5% annual appreciation accumulates to $89,488 by year five. Five-year ROI measures 104.77% and total cumulative return in cash reaches $112,491. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $1,585/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
6,547 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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Listed by: Tamara Oakley • Coldwell Banker Realty
Mls Name: DABR MLS
Mls ID: #942502