2497 Moorefield RdSpringfieldOH45502
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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 2497 Moorefield Rd, Springfield, OH, 45502 listed at $285,000 pairs $1,968/mo rent with a $1,395/mo payment to leave $93/mo cash flow. Total monthly income runs $1,968/mo, and annual cash flow reaches $1,119/yr on $94,478 cash to close. Return on cash invested measures 21.09% in year one, and rental yield registers 8.29% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 109.73% and total cumulative return in cash totals $103,674. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,968/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45502, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,390 (100%) |
| Owner Occupied HU | 5,811 (78.6%) |
| Renter Occupied HU | 1,131 (15.3%) |
| Vacant Housing Units | 448 ( 6.1%) |
| Median Home Value | $248,385 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
7,031
Single Family
6,612
Multi-Family
419
Businesses
376
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Listed by: Patrick Williams • Coldwell Banker Heritage
Mls Name: WRIST
Mls Provider:
Mls ID: #1036768
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