221 Ridge RdSpringfieldOH45503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 221 Ridge Rd, Springfield, OH, 45503 at $122,400 posts ROI 37.98% with $611/mo cash flow from $1,416/mo rent. Total monthly income equals $1,416/mo, and annual cash flow records $7,332/yr on $40,576 to close. Return on cash invested measures 37.98% and rental yield reads 13.88% at the current $122,400. Equity gained on principal adds $790/yr, and 5% annual appreciation supports $33,817 by year five. Five-year ROI prints 200.26% and total cumulative return in cash totals $81,257.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,416/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1921
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh Hufford • Roost Real Estate Co.
Mls Name: WRIST
Mls Provider:
Mls ID: #1034420
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.