55 Carey DrSpringboroOH45066
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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 Springboro at 55 Carey Dr, Springboro, OH, 45066 offers $2,173/mo rent that, after a $1,444/mo payment, leaves $232/mo cash flow. Total monthly income is $2,173/mo, and annual cash flow is $2,789/yr on $97,793 cash. Return on cash invested measures 22.76% in year one, and rental yield stands at 8.84% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 118.67% and total cumulative return in cash reaches $116,054. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,173/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45066, Springboro, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,363 (100%) |
| Owner Occupied HU | 8,827 (85.2%) |
| Renter Occupied HU | 1,134 (10.9%) |
| Vacant Housing Units | 402 ( 3.9%) |
| Median Home Value | $388,058 |
| Average Home Value | $434,155 |
Housing Distribution
Address Breakdown
Residential
9,993
Single Family
9,570
Multi-Family
423
Businesses
698
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Price change | $295,000 |
| 2024-09-29 | Price change | $299,000 |
| 2024-09-18 | Price change | $304,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-14 | $1823.40 | 7.45% | $43,466 | N/A |
| 2021-10-14 | $1696.90 | 7.51% | $43,466 | 23.00% |
| 2020-10-14 | $1578.34 | 8.46% | $35,339 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1961
- Architectural Style: Ranch
- Building Area: 1,266
- Living Area: 1,266 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Kitchen/Family Room Combo, Quartz Counters, Solid Surface Counters
- Exterior Features: Fence, Porch, Patio
- Parking Features: Detached, Garage, Two Car Garage, Garage Door Opener, Storage
Location
- City: Springboro
- State: OH
- Subdivision: Spring Park And Royal Oaks Park
- Lot Size: 8,276 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Available, Sewer Available, Water Available
- Sewer: N/A
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Amy L Pratt • Client's Choice Realty
Mls Name: DABR MLS
Mls Provider:
Mls ID: #917756
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.