23 Pheasant Run Cir #9ASpringboroOH45066
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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 Springboro at 23 Pheasant Run Cir #9A, Springboro, OH, 45066 uses $92,820 cash to close to unlock $3,188/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $1,370/mo payment keeps the spread at $266/mo. Purchase price stands at $280,000, and rental yield measures 9.03% with $2,107/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 121.78% and total cumulative return in cash records $113,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 1989
2,265 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45066, Springboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 8,827 (85.2%) |
| Renter Occupied HU | 1,134 (10.9%) |
| Vacant Housing Units | 402 ( 3.9%) |
| Median Home Value | $388,058 |
| Average Home Value | $434,155 |
Housing Distribution
Address Breakdown
Residential
9,993
Single Family
9,570
Multi-Family
423
Businesses
698
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Listed by: Matt Collins • eXp Realty
Mls Name: DABR MLS
Mls ID: #945500