35-37 E Cecil StSpringfieldOH45504
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 35-37 E Cecil St, Springfield, OH, 45504 listed at $155,900 pairs $1,633/mo rent with a $763/mo payment to leave $608/mo cash flow. Total monthly income runs $1,633/mo, and annual cash flow reaches $7,291/yr on $51,681 cash to close. Return on cash invested measures 34.02% in year one, and rental yield registers 12.57% at a $155,900 basis. Equity gained on principal adds $1,006/yr, and annual property appreciation at 5% supports $43,072 by year five. Five-year ROI tracks 179.04% and total cumulative return in cash totals $92,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,633/mo property income relative to a $763/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1901
9,016 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica McCune • Berkshire Hathaway Professional Realty
Mls Name: WRIST
Mls ID: #1041284