184 Willis AveSpringfieldOH45505
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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 184 Willis Ave, Springfield, OH, 45505 at $160,000 posts ROI 31.96% with $533/mo cash flow from $1,585/mo rent. Total monthly income equals $1,585/mo, and annual cash flow records $6,392/yr on $53,040 to close. Return on cash invested measures 31.96% and rental yield reads 11.89% at the current $160,000. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 by year five. Five-year ROI prints 167.99% and total cumulative return in cash totals $89,102.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,585/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
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Listed by: Ashley Conley • Sibcy Cline, Inc.
Mls Name: WRIST
Mls ID: #1040996