1810 Old Mill RdSpringfieldOH45502
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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
Investment property for sale in Springfield at 1810 Old Mill Rd, Springfield, OH, 45502 uses $102,765 cash to close to unlock $1,334/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $2,150/mo, and a $1,517/mo payment keeps the spread at $111/mo. Purchase price stands at $310,000, and rental yield measures 8.32% with $2,150/mo rent. Return on cash invested shows 21.21% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 110.34% and total cumulative return in cash records $113,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1963
1.20 Acres lot
$N/A/sqft
No 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: Myles Greely • Keller Williams Community Part
Mls Name: DABR MLS
Mls ID: #943940