2434 Irwin AveSpringfieldOH45505
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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 2434 Irwin Ave, Springfield, OH, 45505 uses $40,609 cash to close to unlock $5,373/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $1,254/mo, and a $600/mo payment keeps the spread at $448/mo. Purchase price stands at $122,500, and rental yield measures 12.28% with $1,254/mo rent. Return on cash invested shows 33.14% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 174.32% and total cumulative return in cash records $70,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,254/mo property income covering a $600/mo payment rather than investor’s personal income.
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
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Listed by: Charlene Roberge • Lagonda Creek Real Estate LLC
Mls Name: DABR MLS
Mls ID: #948048