39 N Douglas AveSpringfieldOH45503
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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 39 N Douglas Ave, Springfield, OH, 45503 priced at $100,000 converts $1,046/mo rent into $389/mo cash flow after a $489/mo obligation. Total monthly income equals $1,046/mo, and annual cash flow totals $4,664/yr on $33,150 invested. Return on cash invested prints 33.98% in year one, and rental yield reads 12.55% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 178.87% and total cumulative return in cash sums $59,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,046/mo property income covering a $489/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
5,662 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: Paul Uttermohlen • Red 1 Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1037517
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.