3966 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 3966 Covington Dr, Springfield, OH, 45503 uses $53,007 cash to close to unlock $3,430/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $1,338/mo, and a $783/mo payment keeps the spread at $286/mo. Purchase price stands at $159,900, and rental yield measures 10.04% with $1,338/mo rent. Return on cash invested shows 26.38% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 138.04% and total cumulative return in cash records $73,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,338/mo property income covering a $783/mo payment rather than investor’s personal income.
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: Christina Worley • Real Estate II Inc.
Mls Name: DABR MLS
Mls Provider:
Mls ID: #932448
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.