273 S Clairmont AveSpringfieldOH45505
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 273 S Clairmont Ave, Springfield, OH, 45505 in Springfield at $205,000 earns $1,359/mo in rent and nets $11/mo after the $922/mo payment, a 7.96% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $56,638 over five years. Ziffy Mortgage underwrites this on a 1.47 DSCR without U.S. credit history. With $1,888/yr in principal paydown, total projected return reaches $78,753.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.2% |
| Monthly Cash Flow | $11 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,359 |
| Total Monthly Debt Service | $1,267 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1911
7,405 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
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
Single Family
Built in 1911
7,405 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: Tamara Comer • Coldwell Banker Heritage
Mls Name: WRIST
Mls ID: #1043182