5246 Ridgewood Rd ESpringfieldOH45503
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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 5246 Ridgewood Rd E, Springfield, OH, 45503 at $229,000 posts ROI 27.39% with $474/mo cash flow from $1,980/mo rent. Total monthly income equals $1,980/mo, and annual cash flow records $5,682/yr on $75,914 to close. Return on cash invested measures 27.39% and rental yield reads 10.38% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 143.51% and total cumulative return in cash totals $108,941.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,980/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45503, Springfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,148 (100%) |
| Owner Occupied HU | 8,998 (59.4%) |
| Renter Occupied HU | 5,217 (34.4%) |
| Vacant Housing Units | 933 ( 6.2%) |
| Median Home Value | $171,047 |
| Average Home Value | $198,075 |
Housing Distribution
Address Breakdown
Residential
14,613
Single Family
13,424
Multi-Family
1,189
Businesses
610
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Listed by: Josh Hufford • Roost Real Estate Co.
Mls Name: WRIST
Mls Provider:
Mls ID: #1037396
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.