404 E Madison 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
Investment property for sale in Springfield at 404 E Madison Ave, Springfield, OH, 45503 offers a 11.51% rental yield on a $150,000 purchase with $1,439/mo rent. Total monthly income registers $1,439/mo, and a $734/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,430/yr on $49,725 to close, and return on cash invested stands at 30.83% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 161.92% and total cumulative return in cash at $80,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,439/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1911
7,405 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: Jessica McCune • Berkshire Hathaway Professional Realty
Mls Name: WRIST
Mls ID: #1041285