306 N Western AveSpringfieldOH45504
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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 306 N Western Ave, Springfield, OH, 45504 priced at $149,900 converts $1,414/mo rent into $428/mo cash flow after a $734/mo obligation. Total monthly income equals $1,414/mo, and annual cash flow totals $5,132/yr on $49,692 invested. Return on cash invested prints 30.24% in year one, and rental yield reads 11.32% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 158.78% and total cumulative return in cash sums $78,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,414/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1901
4,809 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45504, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,503 (100%) |
| Owner Occupied HU | 4,536 (60.5%) |
| Renter Occupied HU | 2,132 (28.4%) |
| Vacant Housing Units | 835 (11.1%) |
| Median Home Value | $199,746 |
| Average Home Value | $236,193 |
Housing Distribution
Address Breakdown
Residential
7,054
Single Family
6,747
Multi-Family
307
Businesses
596
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Listed by: Arthur Solomon • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #947741