1721 Prospect StSpringfieldOH45503
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 1721 Prospect St, Springfield, OH, 45503 generates $752/mo in rent and, after a $489/mo payment, leaves $95/mo in cash flow. Total monthly income is $752/mo, and annual cash flow is $1,136/yr on $33,150 invested. Return on cash invested sits at 23.34% in year one, and rental yield is 9.02% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 121.79% and total cumulative return in cash sums $40,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $752/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Johnson • Coldwell Banker Heritage
Mls Name: WRIST
Mls ID: #1041863