419 Candace Dr, Springfield, OH, 45504 | $151/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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419 Candace Dr, Springfield, OH, 45504 | $151/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 419 Candace Dr, Springfield, OH, 45504 uses $79,560 cash to close to unlock $1,812/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,730/mo, and a $1,175/mo payment keeps the spread at $151/mo. Purchase price stands at $240,000, and rental yield measures 8.65% with $1,730/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash records $91,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,730/mo property income covering a $1,175/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful 3-bedroom, 1-bath ranch offering 1,144 sq. ft. of effortless one-floor living! You'll love the inviting flow throughout, starting with a spacious living room, an adjoining dining room perfect for gatherings, and a generous kitchen featuring abundant counter space for cooking and entertaining. Brand-new flooring and fresh paint brighten every room, making this home truly move-in ready. The large unfinished basement provides endless possibilities for storage, hobbies, or future expansion. Situated on a desirable corner lot just under a half acre, the property includes a convenient 2-car attached garage. Major updates bring peace of mind, including a new roof (2023), furnace (2020), and central A/C (2017). Don't miss this well-cared-for home that blends comfort, space, and smart updates. Schedule your showing today!

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