270 W 1st StSpringfieldOH45504
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 270 W 1st St, Springfield, OH, 45504 offers a 13.77% rental yield on a $142,900 purchase with $1,640/mo rent. Total monthly income registers $1,640/mo, and a $699/mo payment leaves $700/mo available for distribution. Annual cash flow reaches $8,405/yr on $47,371 to close, and return on cash invested stands at 37.65% in year one. Equity gained on principal adds $922/yr while 5% annual appreciation supports $39,481 over five years. Portfolio math shows five-year ROI at 198.54% and total cumulative return in cash at $94,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,640/mo property income against a $699/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
7,296 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan H Murray • Howard Hanna Real Estate Serv
Mls Name: DABR MLS
Mls Provider:
Mls ID: #926113
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.