3162 Sherwood Park DrSpringfieldOH45505
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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
Investment property for sale in Springfield at 3162 Sherwood Park Dr, Springfield, OH, 45505 earns $244/mo cash flow from $1,750/mo rent with a $1,121/mo payment. Total monthly income totals $1,750/mo, and annual cash flow totals $2,922/yr on $75,914 capital. ROI tracks 23.76% on current figures, and rental yield reads 9.17% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 124.02% and total cumulative return in cash sums $94,145. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,750/mo property income instead of your personal income.
Single Family
Built in 1965
9,199 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: Sheldon Oliver-Peukert • eXp Realty
Mls Name: DABR MLS
Mls ID: #948515