511 Skyway DrSpringfieldOH45505
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 511 Skyway Dr, Springfield, OH, 45505 priced at $318,800 converts $2,266/mo rent into $144/mo cash flow after a $1,560/mo obligation. Total monthly income equals $2,266/mo, and annual cash flow totals $1,732/yr on $105,682 invested. Return on cash invested prints 21.55% in year one, and rental yield reads 8.53% against a $318,800 entry. Equity gained on principal adds $2,057/yr, while 5% annual appreciation compiles into $88,079 by year five. Five-year ROI reaches 112.25% and total cumulative return in cash sums $118,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,266/mo property income covering a $1,560/mo payment, not borrower’s personal income.
Single Family
Built in 2021
5,723 sqft lot
$N/A/sqft
$300 annually 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: Lisa Smedley • Home City Real Estate
Mls Name: DABR MLS
Mls Provider:
Mls ID: #930861
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.