450 Evergreen DrSpringboroOH45066
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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 Springboro at 450 Evergreen Dr, Springboro, OH, 45066 priced at $279,900 converts $2,575/mo rent into $734/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,575/mo, and annual cash flow totals $8,806/yr on $92,787 invested. Return on cash invested prints 29.4% in year one, and rental yield reads 11.04% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 154.24% and total cumulative return in cash sums $143,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,575/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45066, Springboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 8,827 (85.2%) |
| Renter Occupied HU | 1,134 (10.9%) |
| Vacant Housing Units | 402 ( 3.9%) |
| Median Home Value | $388,058 |
| Average Home Value | $434,155 |
Housing Distribution
Address Breakdown
Residential
9,993
Single Family
9,570
Multi-Family
423
Businesses
698
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Listed by: Rachel Masters • Streetlight Realty LLC
Mls Name: DABR MLS
Mls ID: #940691