296 Old Pond RdSpringboroOH45066
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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 Springboro at 296 Old Pond Rd, Springboro, OH, 45066 with 5% annual appreciation on a $309,900 basis while $2,471/mo rent supports operations. Total monthly income totals $2,471/mo and a $1,517/mo payment preserves $187/mo for cash returns. Annual cash flow comes to $2,248/yr on $102,732 deployed, and return on cash invested reaches 22.1% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,620 alongside rental yield of 9.57%. Five-year ROI measures 116.15% and total cumulative return in cash totals $119,328.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,471/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2020
1,672 sqft lot
$N/A/sqft
$245 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45066, Springboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 8,827 (85.2%) |
| Renter Occupied HU | 1,134 (10.9%) |
| Vacant Housing Units | 402 ( 3.9%) |
| Median Home Value | $388,058 |
| Average Home Value | $434,155 |
Housing Distribution
Address Breakdown
Residential
9,993
Single Family
9,570
Multi-Family
423
Businesses
698
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Listed by: Sherry Hughes • Comey & Shepherd REALTORS
Mls Name: DABR MLS
Mls Provider:
Mls ID: #921968
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.