2240 Iroquois Ave,Springfield,OH,45506

Investment Highlights

Investment property for sale in Springfield at 2240 Iroquois Ave, Springfield, OH, 45506 listed at $174,500 pairs $1,427/mo rent with a $854/mo payment to leave $279/mo cash flow. Total monthly income runs $1,427/mo, and annual cash flow reaches $3,351/yr on $57,847 cash to close. Return on cash invested measures 25.7% in year one, and rental yield registers 9.81% at a $174,500 basis. Equity gained on principal adds $1,126/yr, and annual property appreciation at 5% supports $48,211 by year five. Five-year ROI tracks 134.5% and total cumulative return in cash totals $77,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,427/mo property income relative to a $854/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).