2948 Hyannis DrSpringfieldOH45503
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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 2948 Hyannis Dr, Springfield, OH, 45503 uses $82,875 cash to close to unlock $1,946/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,807/mo, and a $1,224/mo payment keeps the spread at $162/mo. Purchase price stands at $250,000, and rental yield measures 8.67% with $1,807/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 115.99% and total cumulative return in cash records $96,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.30 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: Athena Lorayn Schutte • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls ID: #1043290