3969 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 3969 Covington Dr, Springfield, OH, 45503 uses $55,029 cash to close to unlock $3,043/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $812/mo payment keeps the spread at $254/mo. Purchase price stands at $166,000, and rental yield measures 9.72% with $1,345/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $45,863 over five years. Five-year ROI reaches 133.02% and total cumulative return in cash records $73,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $812/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: Lisa Athy • Key Realty
Mls Name: WRIST
Mls ID: #1043385