2236 Manhattan BlvdSpringfieldOH45504
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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 2236 Manhattan Blvd, Springfield, OH, 45504 uses $50,686 cash to close to unlock $1,903/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $748/mo payment keeps the spread at $159/mo. Purchase price stands at $152,900, and rental yield measures 11.12% with $1,417/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $42,243 over five years. Five-year ROI reaches 125.7% and total cumulative return in cash records $63,712. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $748/mo payment rather than investor’s personal income.
Condo
Built in 1977
37.20 Acres lot
$N/A/sqft
$253 monthly 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: Lynn Schrader • Real Estate II, Inc.
Mls Name: WRIST
Mls Provider:
Mls ID: #1039068
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