309 Stanton AveSpringfieldOH45503
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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 309 Stanton Ave, Springfield, OH, 45503 priced at $159,900 pairs $1,560/mo rent with $508/mo cash flow after a $783/mo payment. Total monthly income equals $1,560/mo, and annual cash flow comes to $6,094/yr on $53,007 invested. Return on cash invested is 31.41% in year one, and rental yield stands at 11.71% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 165.02% and total cumulative return in cash reaches $87,474. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1886
8,276 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: Benjamin L Jackson • RE/MAX Partners
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224004376
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. Information is deemed reliable but not guaranteed.