1806 Willow Lakes DrSpringfieldOH45502
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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 1806 Willow Lakes Dr, Springfield, OH, 45502 offers $2,658/mo rent that, after a $1,713/mo payment, leaves $131/mo cash flow. Total monthly income is $2,658/mo, and annual cash flow is $1,568/yr on $115,992 cash. Return on cash invested measures 21.26% in year one, and rental yield stands at 9.12% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 111.45% and total cumulative return in cash reaches $129,270. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,658/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
2.45 Acres lot
$N/A/sqft
$676 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45502, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,390 (100%) |
| Owner Occupied HU | 5,811 (78.6%) |
| Renter Occupied HU | 1,131 (15.3%) |
| Vacant Housing Units | 448 ( 6.1%) |
| Median Home Value | $248,385 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
7,031
Single Family
6,612
Multi-Family
419
Businesses
376
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Listed by: Nancy Eubanks ABR • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls Provider:
Mls ID: #919858
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.