5073 Kerns 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 5073 Kerns Rd, Springfield, OH, 45502 earns $178/mo cash flow from $1,394/mo rent with a $905/mo payment. Total monthly income totals $1,394/mo, and annual cash flow totals $2,133/yr on $61,294 capital. ROI tracks 23.39% on current figures, and rental yield reads 9.05% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 122.04% and total cumulative return in cash sums $74,803. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,394/mo property income instead of your personal income.
Single Family
Built in 1920
0.45 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: Cecilia Hill • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #947066