1801 Stratford PlSpringfieldOH45504
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
Investment property for sale in Springfield at 1801 Stratford Pl, Springfield, OH, 45504 uses $72,267 cash to close to unlock $5,316/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,067/mo payment keeps the spread at $443/mo. Purchase price stands at $218,000, and rental yield measures 10.33% with $1,877/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 142.88% and total cumulative return in cash records $103,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1923
7,348 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toni Naill • Home City Real Estate
Mls Name: DABR MLS
Mls ID: #948594