402 Greenacres DrSpringfieldOH45504
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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 402 Greenacres Dr, Springfield, OH, 45504 listed at $209,900 pairs $1,592/mo rent with a $1,027/mo payment to leave $212/mo cash flow. Total monthly income runs $1,592/mo, and annual cash flow reaches $2,540/yr on $69,582 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.1% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 122.94% and total cumulative return in cash totals $85,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,592/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.53 Acres 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: V Patrick Hamilton • RE/MAX Alliance Realty
Mls Name: DABR MLS
Mls ID: #938940