1823 W Washington StSpringfieldOH45506
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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 1823 W Washington St, Springfield, OH, 45506 priced at $125,000 converts $1,694/mo rent into $872/mo cash flow after a $612/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $10,459/yr on $41,438 invested. Return on cash invested prints 45.15% in year one, and rental yield reads 16.26% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 238.75% and total cumulative return in cash sums $98,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1886
4,072 sqft lot
$N/A/sqft
No HOA
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Listed by: Natalie M Jackson • Mumma Realty
Mls Name: DABR MLS
Mls Provider:
Mls ID: #922357
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.