4301 Mechanicsburg RdSpringfieldOH45502
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
Investment property for sale in Springfield at 4301 Mechanicsburg Rd, Springfield, OH, 45502 at $225,000 posts ROI 35.81% with $988/mo cash flow from $2,468/mo rent. Total monthly income equals $2,468/mo, and annual cash flow records $11,859/yr on $74,588 to close. Return on cash invested measures 35.81% and rental yield reads 13.16% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 188.65% and total cumulative return in cash totals $140,709.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,468/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45502, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,390 (100%) |
| Owner Occupied HU | 5,811 (78.6%) |
| Renter Occupied HU | 1,131 (15.3%) |
| Vacant Housing Units | 448 ( 6.1%) |
| Median Home Value | $248,385 |
| Average Home Value | $275,068 |
Housing Distribution
Address Breakdown
Residential
7,031
Single Family
6,612
Multi-Family
419
Businesses
376
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Listed by: Kristina Murphy • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls Provider:
Mls ID: #1033852
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.