4046 Ryland DrSpringfieldOH45503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Springfield at 4046 Ryland Dr, Springfield, OH, 45503 priced at $129,900 pairs $1,632/mo rent with $647/mo cash flow after a $636/mo payment. Total monthly income equals $1,632/mo, and annual cash flow comes to $7,768/yr on $43,062 invested. Return on cash invested is 37.95% in year one, and rental yield stands at 15.08% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 201.47% and total cumulative return in cash reaches $86,755. For financing, Ziffy Mortgage’s DSCR program evaluates $1,632/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1995
8.29 Acres lot
$N/A/sqft
$130 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alva Fulk • Real Estate II, Inc.
Mls Name: WRIST
Mls Provider:
Mls ID: #1031954
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.