45 Mill Run PlSpringfieldOH45502
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 45 Mill Run Pl, Springfield, OH, 45502 priced at $270,900 converts $2,172/mo rent into $275/mo cash flow after a $1,326/mo obligation. Total monthly income equals $2,172/mo, and annual cash flow totals $3,300/yr on $89,803 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 9.62% against a $270,900 entry. Equity gained on principal adds $1,748/yr, while 5% annual appreciation compiles into $74,845 by year five. Five-year ROI reaches 123.6% and total cumulative return in cash sums $110,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,172/mo property income covering a $1,326/mo payment, not borrower’s personal income.
Condo
Built in 2020
871.20 sqft lot
$N/A/sqft
$115 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Michael Hart • Assist2Sell Your Home Listed/Sold
Mls Name: WRIST
Mls Provider:
Mls ID: #1030907
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.