265 W 3rd StSpringfieldOH45504
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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 265 W 3rd St, Springfield, OH, 45504 earns $352/mo cash flow from $1,438/mo rent with a $808/mo payment. Total monthly income totals $1,438/mo, and annual cash flow totals $4,227/yr on $54,698 capital. ROI tracks 27.64% on current figures, and rental yield reads 10.46% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 144.84% and total cumulative return in cash sums $79,223. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,438/mo property income instead of your personal income.
Single Family
Built in 1941
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
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Listed by: Sunil Dhingra • Always Sunny Realty LLC
Mls Name: DABR MLS
Mls ID: #946167