35 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
Rental property for sale in Springfield at 35 E Cecil St, Springfield, OH, 45504 offers $1,462/mo rent that, after a $763/mo payment, leaves $437/mo cash flow. Total monthly income is $1,462/mo, and annual cash flow is $5,239/yr on $51,681 cash. Return on cash invested measures 30.05% in year one, and rental yield stands at 11.25% at a $155,900 entry. Equity gained on principal adds $1,006/yr while 5% annual appreciation compounds into $43,072 by year five. Five-year ROI records 157.75% and total cumulative return in cash reaches $81,526. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,462/mo property income versus a $763/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1901
8,999 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
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Listed by: Jessica McCune • BHHS Professional Realty
Mls Name: DABR MLS
Mls ID: #943211