222 N Race StSpringfieldOH45504
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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 222 N Race St, Springfield, OH, 45504 priced at $375,000 pairs $1,238/mo rent with after a $1,835/mo payment. Total monthly income equals $1,238/mo. Return on cash invested is 8.05% in year one, and rental yield stands at 3.96% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 39.77% and total cumulative return in cash reaches $49,443. For financing, Ziffy Mortgage’s DSCR program evaluates $1,238/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1881
4,016 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: Jeff Horne • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #938755