2434 Irwin AveSpringfieldOH45505
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Springfield rental at 2434 Irwin Ave, Springfield, OH, 45505 sits in the solid-income band: 11.58% gross yield, $1,254/mo rent, $400/mo net after the $551/mo debt service, DSCR 2.28. Entry price of $122,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $33,844 and $1,128/yr in principal reduction bring total cumulative return to $75,494.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.2% |
| Monthly Cash Flow | $400 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,254 |
| Total Monthly Debt Service | $757 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1948
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlene Roberge • Lagonda Creek Real Estate LLC
Mls Name: DABR MLS
Mls ID: #948048