1920 Wickford DrSpringfieldOH45503
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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 1920 Wickford Dr, Springfield, OH, 45503 priced at $165,900 converts $2,101/mo rent into $1,010/mo cash flow after a $812/mo obligation. Total monthly income equals $2,101/mo, and annual cash flow totals $12,117/yr on $54,996 invested. Return on cash invested prints 41.94% in year one, and rental yield reads 15.2% against a $165,900 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation compiles into $45,835 by year five. Five-year ROI reaches 221.53% and total cumulative return in cash sums $121,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,101/mo property income covering a $812/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Nancy S. Eubanks • Coldwell Banker Heritage
Mls Name: WRIST
Mls Provider:
Mls ID: #1033228
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