4446 Ridgewood Rd ESpringfieldOH45503
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 4446 Ridgewood Rd E, Springfield, OH, 45503 uses $44,753 cash to close to unlock $5,049/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,309/mo, and a $661/mo payment keeps the spread at $421/mo. Purchase price stands at $135,000, and rental yield measures 11.64% with $1,309/mo rent. Return on cash invested shows 31.19% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 163.86% and total cumulative return in cash records $73,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,309/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1990
2.37 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justen Fain • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #946554