3131 El Camino DrSpringfieldOH45503
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
Investment property for sale in Springfield at 3131 El Camino Dr, Springfield, OH, 45503 at $164,900 posts ROI 23.41% with $159/mo cash flow from $1,244/mo rent. Total monthly income equals $1,244/mo, and annual cash flow records $1,913/yr on $54,664 to close. Return on cash invested measures 23.41% and rental yield reads 9.05% at the current $164,900. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 by year five. Five-year ROI prints 122.19% and total cumulative return in cash totals $66,796.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,244/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1977
871.20 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: Curtis Mumma • Mumma Realty and Auctioneers
Mls Name: WRIST
Mls ID: #1041207