440 S Broadmoor BlvdSpringfieldOH45504
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 440 S Broadmoor Blvd, Springfield, OH, 45504 priced at $309,900 pairs $2,448/mo rent with $409/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,448/mo, and annual cash flow comes to $4,912/yr on $102,732 invested. Return on cash invested is 24.69% in year one, and rental yield stands at 9.48% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 129.02% and total cumulative return in cash reaches $132,540. For financing, Ziffy Mortgage’s DSCR program evaluates $2,448/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.39 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Edwards • The Brokerage House
Mls Name: DABR MLS
Mls ID: #947475