2216 Iroquois AveSpringfieldOH45506
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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 2216 Iroquois Ave, Springfield, OH, 45506 listed at $170,000 pairs $1,488/mo rent with a $832/mo payment to leave $370/mo cash flow. Total monthly income runs $1,488/mo, and annual cash flow reaches $4,438/yr on $56,355 cash to close. Return on cash invested measures 27.78% in year one, and rental yield registers 10.5% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 145.6% and total cumulative return in cash totals $82,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,488/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1968
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Cortney Catanzaro • Coldwell Banker Heritage
Mls Name: WRIST
Mls Provider:
Mls ID: #1041378
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