3314 Scotsdale DrSpringfieldOH45504
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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 3314 Scotsdale Dr, Springfield, OH, 45504 generates $1,384/mo in rent and, after a $832/mo payment, leaves $266/mo in cash flow. Total monthly income is $1,384/mo, and annual cash flow is $3,192/yr on $56,322 invested. Return on cash invested sits at 25.58% in year one, and rental yield is 9.78% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 133.72% and total cumulative return in cash sums $75,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,384/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A 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: Jeff Horne • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #946462