1947 Wedgewood CirSpringfieldOH45503
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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 1947 Wedgewood Cir, Springfield, OH, 45503 earns $567/mo cash flow from $2,110/mo rent with a $854/mo payment. Total monthly income totals $2,110/mo, and annual cash flow totals $6,806/yr on $57,867 capital. ROI tracks 31.67% on current figures, and rental yield reads 14.51% at a $174,560 purchase. Equity gained on principal adds $1,126/yr, and 5% annual appreciation supports $48,228 over five years. Five-year ROI reaches 169.45% and total cumulative return in cash sums $98,053. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,110/mo property income instead of your personal income.
Condo
Built in 1994
16.58 Acres lot
$N/A/sqft
$395 monthly 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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