2605 Morton DrSpringfieldOH45505
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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 2605 Morton Dr, Springfield, OH, 45505 uses $46,377 cash to close to unlock $2,058/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,092/mo, and a $685/mo payment keeps the spread at $172/mo. Purchase price stands at $139,900, and rental yield measures 9.37% with $1,092/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 127.21% and total cumulative return in cash records $58,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,092/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,840 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: Alva Fulk • Real Estate II, Inc.
Mls Name: WRIST
Mls ID: #1042248