2831 Hillside AveSpringfieldOH45503
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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
Rental property for sale in Springfield at 2831 Hillside Ave, Springfield, OH, 45503 priced at $194,500 pairs $1,980/mo rent with $701/mo cash flow after a $952/mo payment. Total monthly income equals $1,980/mo, and annual cash flow comes to $8,407/yr on $64,477 invested. Return on cash invested is 32.95% in year one, and rental yield stands at 12.22% on a $194,500 basis. Equity gained on principal adds $1,255/yr, and 5% annual appreciation accumulates to $53,737 by year five. Five-year ROI measures 173.29% and total cumulative return in cash reaches $111,729. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $952/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Heather Bacon • Gallery Homes Real Estate, LLC
Mls Name: DABR MLS
Mls Provider:
Mls ID: #921887
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.