3963 Covington DrSpringfieldOH45503
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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 3963 Covington Dr, Springfield, OH, 45503 listed at $170,000 pairs $1,489/mo rent with a $832/mo payment to leave $371/mo cash flow. Total monthly income runs $1,489/mo, and annual cash flow reaches $4,450/yr on $56,355 cash to close. Return on cash invested measures 27.81% in year one, and rental yield registers 10.51% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 145.71% and total cumulative return in cash totals $82,113. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,489/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
8.29 Acres 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: Leta Gunnell • Howard Hanna Real Estate Serv
Mls Name: DABR MLS
Mls ID: #945408