473 W County Line RdSpringfieldOH45502
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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
Investment property for sale in Springfield at 473 W County Line Rd, Springfield, OH, 45502 uses $76,245 cash to close to unlock $2,386/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,712/mo, and a $1,126/mo payment keeps the spread at $199/mo. Purchase price stands at $230,000, and rental yield measures 8.93% with $1,712/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 120.14% and total cumulative return in cash records $91,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,712/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No 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
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Listed by: Drake White • Gallery Homes Real Estate, LLC
Mls Name: WRIST
Mls ID: #1039671