209 N Thompson AveSpringfieldOH45504
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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 209 N Thompson Ave, Springfield, OH, 45504 uses $49,029 cash to close to unlock $5,508/yr annual cash flow and $459/mo monthly cash flow. Total monthly income runs $1,432/mo, and a $724/mo payment keeps the spread at $459/mo. Purchase price stands at $147,900, and rental yield measures 11.62% with $1,432/mo rent. Return on cash invested shows 31.14% in year one, and 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 163.7% and total cumulative return in cash records $80,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,432/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,680 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: Jessica Graham • Realistar
Mls Name: WRIST
Mls Provider:
Mls ID: #1036642
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.