305 Catherine StSpringfieldOH45505
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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 305 Catherine St, Springfield, OH, 45505 priced at $149,000 converts $1,219/mo rent into $239/mo cash flow after a $729/mo obligation. Total monthly income equals $1,219/mo, and annual cash flow totals $2,870/yr on $49,394 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.82% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 134.62% and total cumulative return in cash sums $66,496. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,219/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1898
6,599 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
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Listed by: Douglas Nave • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #941218