1965 Harshman BlvdSpringfieldOH45504
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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 1965 Harshman Blvd, Springfield, OH, 45504 priced at $150,000 converts $1,508/mo rent into $522/mo cash flow after a $734/mo obligation. Total monthly income equals $1,508/mo, and annual cash flow totals $6,258/yr on $49,725 invested. Return on cash invested prints 32.49% in year one, and rental yield reads 12.06% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 170.87% and total cumulative return in cash sums $84,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,508/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1938
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
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Listed by: Benjamin Thomas Hemmert • Howard Hanna Real Estate Svcs
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225010728
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. Information is deemed reliable but not guaranteed.