4624 E National RdSpringfieldOH45505
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 4624 E National Rd, Springfield, OH, 45505 offers $797/mo rent that, after a $509/mo payment, leaves $113/mo cash flow. Total monthly income is $797/mo, and annual cash flow is $1,355/yr on $34,476 cash. Return on cash invested measures 23.84% in year one, and rental yield stands at 9.2% at a $104,000 entry. Equity gained on principal adds $671/yr while 5% annual appreciation compounds into $28,733 by year five. Five-year ROI records 124.47% and total cumulative return in cash reaches $42,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $797/mo property income versus a $509/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45505, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,242 (100%) |
| Owner Occupied HU | 4,238 (45.9%) |
| Renter Occupied HU | 4,018 (43.5%) |
| Vacant Housing Units | 986 (10.7%) |
| Median Home Value | $110,328 |
| Average Home Value | $149,107 |
Housing Distribution
Address Breakdown
Residential
8,926
Single Family
7,977
Multi-Family
949
Businesses
476
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Listed by: Curtis Mumma • Mumma Realty and Auctioneers
Mls Name: WRIST
Mls Provider:
Mls ID: #1037479
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