2032 Irwin AveSpringfieldOH45505
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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 2032 Irwin Ave, Springfield, OH, 45505 uses $51,349 cash to close to unlock $711/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $1,078/mo, and a $758/mo payment keeps the spread at $59/mo. Purchase price stands at $154,900, and rental yield measures 8.35% with $1,078/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 110.86% and total cumulative return in cash records $56,924. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,078/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1908
7,501 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: Samuel George • Irongate Inc.
Mls Name: DABR MLS
Mls Provider:
Mls ID: #936496
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.