2683 Allen 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 2683 Allen Dr, Springfield, OH, 45505 earns $193/mo cash flow from $1,245/mo rent with a $783/mo payment. Total monthly income totals $1,245/mo, and annual cash flow totals $2,312/yr on $53,040 capital. ROI tracks 24.27% on current figures, and rental yield reads 9.34% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 126.77% and total cumulative return in cash sums $67,238. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,245/mo property income instead of your personal income.
Single Family
Built in 1951
6,098 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: Stephanie P Archer • Keller Williams Consultants
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225019139
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.