24 Bill Edwards DrSpringfieldOH45504
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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 24 Bill Edwards Dr, Springfield, OH, 45504 uses $44,719 cash to close to unlock $7,127/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $1,481/mo, and a $660/mo payment keeps the spread at $594/mo. Purchase price stands at $134,900, and rental yield measures 13.17% with $1,481/mo rent. Return on cash invested shows 35.85% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 188.79% and total cumulative return in cash records $84,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,481/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1906
7,949 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: Arthur Solomon • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #947107