2621 Morton DrSpringfieldOH45505
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
Investment Highlights
Investment property for sale in Springfield at 2621 Morton Dr, Springfield, OH, 45505 offers a 10.56% rental yield on a $152,999 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $749/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,073/yr on $50,719 to close, and return on cash invested stands at 27.94% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,271 over five years. Portfolio math shows five-year ROI at 146.48% and total cumulative return in cash at $74,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $749/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,751 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A