607 W John StSpringfieldOH45506
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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 Springfield at 607 W John St, Springfield, OH, 45506 priced at $145,900 converts $1,435/mo rent into $475/mo cash flow after a $714/mo obligation. Total monthly income equals $1,435/mo, and annual cash flow totals $5,705/yr on $48,366 invested. Return on cash invested prints 31.7% in year one, and rental yield reads 11.8% against a $145,900 entry. Equity gained on principal adds $941/yr, while 5% annual appreciation compiles into $40,309 by year five. Five-year ROI reaches 166.66% and total cumulative return in cash sums $80,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,435/mo property income covering a $714/mo payment, not borrower’s personal income.
Single Family
Built in 1962
8,400 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Kathryn Roberts • Agora Realty Group
Mls Name: WRIST
Mls Provider:
Mls ID: #1034873
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