45 Mill Run PlSpringfieldOH45502
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 45 Mill Run Pl, Springfield, OH, 45502 in Springfield earns a 9.62% gross yield at $270,900. Rent of $2,172/mo nets $275/mo after the $1,218/mo mortgage. The 1.78 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $74,845 and $2,495/yr in equity accumulation project a total cumulative return of $121,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.2% |
| Monthly Cash Flow | $275 | $450 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,172 |
| Total Monthly Debt Service | $1,789 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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