485 Springer RdChillicotheOH45601
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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 Chillicothe at 485 Springer Rd, Chillicothe, OH, 45601 priced at $250,000 pairs $1,320/mo rent with after a $1,224/mo payment. Total monthly income equals $1,320/mo. Return on cash invested is 15.21% in year one, and rental yield stands at 6.34% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 78.19% and total cumulative return in cash reaches $64,798. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45601, Chillicothe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,375 (100%) |
| Owner Occupied HU | 14,645 (62.7%) |
| Renter Occupied HU | 7,048 (30.2%) |
| Vacant Housing Units | 1,682 ( 7.2%) |
| Median Home Value | $198,339 |
| Average Home Value | $228,272 |
Housing Distribution
Address Breakdown
Residential
22,769
Single Family
21,479
Multi-Family
1,290
Businesses
1,662
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Listed by: Michelle Demopolis • Keller Williams Capital Ptnrs
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225024679