2603 Roberts AveSpringfieldOH45503
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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 2603 Roberts Ave, Springfield, OH, 45503 uses $44,719 cash to close to unlock $4,547/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,266/mo, and a $660/mo payment keeps the spread at $379/mo. Purchase price stands at $134,900, and rental yield measures 11.26% with $1,266/mo rent. Return on cash invested shows 30.08% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 157.88% and total cumulative return in cash records $70,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,266/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Ryan William King • Real Estate II, Inc.
Mls Name: WRIST
Mls ID: #1040075