31 W Southern Ave, Springfield, OH, 45506 | $148/mo Cash Flow

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springfield at 31 W Southern Ave, Springfield, OH, 45506 offers $1,194/mo rent that, after a $778/mo payment, leaves $148/mo cash flow. Total monthly income is $1,194/mo, and annual cash flow is $1,780/yr on $52,709 cash. Return on cash invested measures 23.29% in year one, and rental yield stands at 9.01% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 121.53% and total cumulative return in cash reaches $64,056. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,194/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1893

6,063 sqft lot

$N/A/sqft

No HOA