301 Chestnut AveSpringfieldOH45503
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
Rental property for sale in Springfield at 301 Chestnut Ave, Springfield, OH, 45503 offers $1,526/mo rent that, after a $783/mo payment, leaves $474/mo cash flow. Total monthly income is $1,526/mo, and annual cash flow is $5,686/yr on $53,007 cash. Return on cash invested measures 30.64% in year one, and rental yield stands at 11.45% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 160.88% and total cumulative return in cash reaches $85,278. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,526/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
7,771 sqft 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: Cecilia Hill • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #944931